Chloroprene rubber, also known as chlorobutadiene rubber (CR), is a versatile synthetic rubber that is widely used in various industries. It is categorized under HS Code 40024900, which specifically refers to CR in primary forms or in plates, sheets, or strips, excluding latex.
The HS Code system, developed by the World Customs Organization (WCO), is an internationally recognized classification system used to classify and identify traded goods. HS Codes are crucial for international trade as they help in determining the applicable customs duties, regulations, and trade statistics for specific products.
HS Code 40024900 covers chloroprene rubber (CR) in its primary forms or in plates, sheets, or strips. Chloroprene rubber is a synthetic rubber made from chloroprene monomers. It possesses excellent resistance to heat, oil, chemicals, and weathering, making it suitable for a wide range of applications.
Chloroprene rubber is highly elastic and has good mechanical properties, making it ideal for use in various industries. It is commonly used in the production of industrial belts, hoses, gaskets, seals, adhesives, and coatings. It also finds applications in the automotive, construction, electrical, and consumer goods industries.
The bound / most-favored-nation (MFN) duty rate for HS Code 40024900 is free. This means that countries must provide duty-free treatment for chloroprene rubber in primary forms or in plates, sheets, or strips when imported from any trading partner. The principle of MFN treatment ensures non-discrimination and equal treatment for all trading partners.
When a country lowers a trade barrier or opens up its market for a specific product, it must do so for the same goods or services from all its trading partners. This promotes fair and equitable trade practices, fostering global economic cooperation.
The quantity unit for HS Code 40024900 is kilograms (KG). This unit of measurement is used to quantify the weight of chloroprene rubber in its various forms, including primary forms, plates, sheets, or strips.
Chloroprene rubber (CR) under HS Code 40024900 is eligible for various special tariff preference programs. These programs provide additional benefits, such as duty-free treatment or reduced tariffs, for specific countries or regions. The following programs apply to chloroprene rubber:
These special tariff preference programs aim to promote trade, economic development, and cooperation between participating countries or regions.
Chloroprene rubber (CR) under HS Code 40024900 is imported into various states in the United States. The following states are major importers of chloroprene rubber:
These states have a significant demand for chloroprene rubber due to their industrial activities and manufacturing sectors. Importing chloroprene rubber from other countries helps meet the domestic demand and supports various industries in these states.
Chloroprene rubber (CR) under HS Code 40024900 is exported from the United States to several states. The following states are major exporters of chloroprene rubber:
These states are known for their production and export of chloroprene rubber, contributing to the global supply and meeting the demand in various international markets.
HS Code 40024900 represents chloroprene rubber (CR) in primary forms or in plates, sheets, or strips. This versatile synthetic rubber finds applications across industries and is subject to various tariff preferences and duty rates. Understanding the HS Code and its associated information is essential for importers, exporters, and businesses involved in international trade.