When it comes to international trade, it is important to have a standardized system for classifying goods. The Harmonized System (HS) provides a globally recognized framework for categorizing products and assigning them unique codes. One such code is HS Code 38062000, which is used to identify salts of rosin or resin acids.
Salts of rosin or resin acids are derived from natural substances and are widely used in various industries. They have a range of applications, including in the production of adhesives, coatings, inks, and soaps. These salts are known for their adhesive properties and are often used as tackifiers in the manufacturing process.
When importing or exporting salts of rosin or resin acids, it is important to be aware of the associated duties and trade preferences. The bound or Most Favored Nation (MFN) duty rate for HS Code 38062000 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 38062000 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported salts of rosin or resin acids.
There are also special tariff preference programs available for HS Code 38062000. These programs offer preferential treatment in terms of duty rates for specific countries. For this HS code, the following countries are eligible for special tariff preferences:
It is important for importers and exporters to be aware of these special tariff preference programs, as they can significantly impact the cost of trade and provide a competitive advantage.
When it comes to importing salts of rosin or resin acids into the United States, different states have varying levels of demand. Some of the major importing states include California, Texas, New York, Florida, and Illinois. These states have thriving industries that rely on the use of these salts for their manufacturing processes.
On the other hand, when it comes to exporting salts of rosin or resin acids from the United States, some of the major exporting states include North Carolina, Georgia, Louisiana, Alabama, and South Carolina. These states have a significant presence in the chemical and manufacturing industries, making them key players in the export market for these products.
HS Code 38062000 is used to classify salts of rosin or resin acids in international trade. These salts have various applications and are subject to specific duty rates and trade preferences. It is important for importers and exporters to be familiar with these regulations to ensure smooth and cost-effective trade.