The HS Code 40029100 refers to synthetic rubber and factice derived from oils, in latex form, in primary forms or in plates, sheets, or strip, nesoi. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product covered by HS Code 40029100 is synthetic rubber and factice derived from oils, in latex form, in primary forms or in plates, sheets, or strip, nesoi. Synthetic rubber is a type of rubber that is produced by synthesizing various petroleum-based monomers. It is widely used in the manufacturing of tires, hoses, belts, gaskets, and many other rubber products.
The bound or MFN (Most Favored Nation) duty rate for HS Code 40029100 is free. 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. This encourages fair and equal treatment in international trade.
The quantity unit for HS Code 40029100 is kilograms (KG). This unit is used to measure the weight of the synthetic rubber and factice derived from oils imported or exported under this HS code.
Under the HS Code 40029100, several special tariff preference programs provide duty-free treatment for the import or export of synthetic rubber and factice derived from oils in latex form. The programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for the import or export of goods under HS Code 40029100.
The following US states are involved in the import of products under HS Code 40029100:
These states play a crucial role in the importation of synthetic rubber and factice derived from oils in latex form under HS Code 40029100, contributing to the supply chain and distribution of these products within the United States.
The following US states are involved in the export of products under HS Code 40029100:
These states play a significant role in the exportation of synthetic rubber and factice derived from oils in latex form under HS Code 40029100, contributing to the global trade of these products.
HS Code 40029100 encompasses synthetic rubber and factice derived from oils in latex form. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states provides valuable insights into the trade dynamics and regulations associated with this HS code.