HS Code 39061000: An Extensive Overview of Polymethyl Methacrylate
Polymethyl methacrylate (PMMA), classified under HS Code 39061000, is a versatile and widely-used material found in various industries. This educational article aims to provide a comprehensive understanding of PMMA, its properties, applications, and the countries involved in its import and export.
Product Description: PMMA is primarily available in its raw or primary form, commonly known as acrylic glass. It is a transparent thermoplastic that can be easily molded into various shapes and sizes. PMMA offers excellent optical clarity, weather resistance, and impact strength, making it a popular choice in numerous applications.
Bound / MFN Duty Rate: The Bound / MFN duty rate for PMMA is 6.3%. This means that 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 duty rate ensures fair and equal treatment for PMMA imports.
Quantity Unit: PMMA is measured and traded in kilograms (KG). This unit of measurement helps maintain uniformity and simplifies international trade transactions.
Special Tariff Preference Programs: PMMA enjoys several special tariff preference programs in various countries. These programs provide certain countries with specific benefits, such as duty-free treatment. The countries eligible for these programs in relation to PMMA are as follows:
- Free (A*, AU, BH, CA, CL, E, IL, J, JO, MA, MX, OM, P, PE, SG): Certain countries excluded from GSP eligibility for that HTS subheading receive duty-free treatment for PMMA.
- Australia Special Rate: Australia has a special rate for PMMA imports, offering favorable trade conditions.
- Bahrain Special Rate: Bahrain also provides a special rate for PMMA imports, ensuring competitive advantages for traders.
- NAFTA for Canada: PMMA imported from Canada receives duty-free treatment under the North American Free Trade Agreement (NAFTA).
- Chile Special Rate: Chile offers a special rate for PMMA imports, promoting trade between the two countries.
- Caribbean Basin Initiative (CBI): PMMA imports from CBI countries receive duty-free treatment, encouraging economic cooperation.
- Israel Special Rate: Israel provides duty-free treatment for PMMA imports, strengthening trade relations.
- Andean Trade Preference Act (ATPA): PMMA imports from ATPA countries receive favorable trade conditions.
- Jordan Special Rate: Jordan offers a special rate for PMMA imports, fostering bilateral trade.
- Morocco Special Rate: PMMA imports from Morocco receive favorable trade conditions.
- NAFTA for Mexico: PMMA imported from Mexico receives duty-free treatment under NAFTA.
- Oman Special Rate: Oman provides a special rate for PMMA imports, ensuring competitive advantages for traders.
- Dominican Republic-Central American Special Rate (DR-CAFTA): PMMA imports from DR-CAFTA countries enjoy duty-free treatment.
- Peru Special Rate: Peru offers a special rate for PMMA imports, promoting trade between the two countries.
- Singapore Special Rate: Singapore provides duty-free treatment for PMMA imports, strengthening trade relations.
Importing US States: PMMA is imported into the United States, with Delaware being one of the states involved in its import. Delaware serves as a hub for PMMA distribution and plays a significant role in meeting domestic demand.
Exporting US States: Several states in the United States contribute to the export of PMMA. These states include Arkansas, Kentucky, Louisiana, Texas, Rhode Island, and West Virginia. The export of PMMA from these states showcases the diverse manufacturing capabilities and trade opportunities within the country.
PMMA, classified under HS Code 39061000, is a widely-used and versatile material with numerous applications. Its properties, including optical clarity, weather resistance, and impact strength, make it a preferred choice across various industries. The special tariff preference programs and involvement of different countries in its import and export highlight the global significance of PMMA. As trade barriers continue to lower and markets open up, PMMA remains an essential component of international trade.
More on HS code 39061000
