When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) code is a globally recognized system that categorizes products based on their characteristics. In this article, we will delve into the HS code 38159020, which covers reaction initiators, reaction accelerators, and catalytic preparations consisting wholly of mercury or molybdenum.
HS code 38159020 specifically includes reaction initiators, reaction accelerators, and catalytic preparations that consist entirely of mercury or molybdenum. These substances play a crucial role in various chemical reactions and industrial processes.
The bound / MFN duty rate for products falling under HS code 38159020 is 2.8%. It is important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This principle ensures that all trading partners are treated equally when it comes to the importation of these goods.
When measuring products classified under HS code 38159020, the quantity unit used is kilograms (KG). This unit of measurement provides a standardized way to quantify the amount of these substances being imported or exported.
Several special tariff preference programs offer favorable treatment for goods falling under HS code 38159020. These programs aim to promote trade and economic cooperation among countries. The following countries or regions offer special rates or duty-free treatment for products classified under this HS code:
These special tariff preference programs aim to reduce or eliminate import duties, making it more cost-effective for businesses to trade these goods with the participating countries or regions.
Products classified under HS code 38159020 are imported by various US states. Some of the states involved in the importation of these goods include:
These states play a crucial role in facilitating the trade of reaction initiators, reaction accelerators, and catalytic preparations consisting of mercury or molybdenum within the United States.
HS code 38159020 encompasses reaction initiators, reaction accelerators, and catalytic preparations consisting wholly of mercury or molybdenum. Understanding this code and its associated information is vital for businesses engaged in international trade. By knowing the duty rates, quantity units, special tariff preference programs, and involved states, importers and exporters can navigate the global market more effectively.