HS Code 40026000: An In-depth Look at Isoprene Rubber
Isoprene rubber (IR) is a versatile material used in various industries for its excellent properties. HS Code 40026000 refers to the primary forms of isoprene rubber or its plates, sheets, or strips. In this article, we will explore the characteristics, applications, and trade aspects of this particular HS code.
Product Description: Isoprene rubber (IR) is a synthetic rubber derived from the polymerization of isoprene monomers. It is known for its high elasticity, good tear resistance, and excellent low-temperature flexibility. The primary forms of IR can be in the form of pellets, granules, or bales. Additionally, it can be processed into plates, sheets, or strips for various applications.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 40026000 is free. 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 promotes fair trade practices and equal treatment for all participants.
Quantity Unit: The quantity unit for HS Code 40026000 is kilograms (KG). This unit of measurement is commonly used to determine the weight or quantity of isoprene rubber being imported or exported.
Special Tariff Preference Programs: Isoprene rubber under HS Code 40026000 enjoys free tariff rates under various special tariff preference programs. These programs include the Generalized System of Preferences (GSP), Automotive Products Trade Act (APTA), Agreement on Trade in Civil Aircraft, NAFTA for Canada and Mexico, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate. These programs aim to facilitate trade and promote economic cooperation between participating countries.
Importing US States: Isoprene rubber under HS Code 40026000 is imported into several states in the United States. These states include Arkansas, Colorado, Minnesota, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Pennsylvania, Wisconsin, Louisiana, and Virginia. The wide distribution of imports across these states indicates the demand for isoprene rubber in various industries within the United States.
Exporting US States: Isoprene rubber under HS Code 40026000 is exported from the United States to states such as Arizona, Colorado, Delaware, Maryland, Michigan, Minnesota, New Hampshire, New Mexico, Pennsylvania, Vermont, Wisconsin, and West Virginia. These states contribute to the global supply of isoprene rubber, catering to the needs of international markets.
HS Code 40026000 covers the primary forms of isoprene rubber or its plates, sheets, or strips. This versatile material finds applications in numerous industries due to its excellent properties. With free tariff rates under special preference programs and a wide distribution of imports and exports across various US states, isoprene rubber plays a significant role in global trade.
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