The HS Code 29379000 refers to a specific category of products known as "Other hormones, their derivatives and structural analogues, other steroid derivatives and structural analogues used primarily as hormones, nesoi." This code is used to classify and categorize these specific types of products for international trade purposes.
When it comes to trade barriers and market access, the HS Code 29379000 plays an important role. It is crucial for countries to maintain a fair and level playing field in international trade. Therefore, every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle is known as the Most Favored Nation (MFN) duty rate, which ensures equal treatment for all trading partners.
The quantity unit for products classified under HS Code 29379000 is grams (GM). This unit of measurement is used to determine the quantity or weight of the hormones, derivatives, and structural analogues being traded.
There are also special tariff preference programs that may apply to products falling under HS Code 29379000. These programs provide certain benefits or advantages to eligible importers or exporters, such as reduced or zero tariffs. These programs are designed to promote trade and economic development between countries.
When it comes to importing products under HS Code 29379000 into the United States, some of the states that commonly engage in this trade are North Carolina and Nevada. These states have a demand for these hormones, derivatives, and structural analogues, whether for medical, research, or other purposes.
On the other hand, when it comes to exporting products under HS Code 29379000 from the United States, Puerto Rico and Indiana are among the states frequently involved in this trade. Puerto Rico, in particular, appears to be a significant exporter in this category, as indicated by the repeated mention.
Overall, the HS Code 29379000 plays a vital role in classifying and facilitating international trade of other hormones, derivatives, and structural analogues. Understanding this code helps ensure fair trade practices and equal treatment among trading partners, while also promoting economic growth and development.