Zinc is a versatile metal that finds application in various industries due to its excellent properties. HS Code 79040000 specifically refers to zinc bars, rods, profiles, and wire. 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 HS code 79040000 covers zinc in the form of bars, rods, profiles, and wire. Zinc is widely used in industries such as construction, automotive, electrical, and infrastructure. These forms of zinc are essential in manufacturing various products, including building materials, electrical connectors, and corrosion-resistant coatings.
The bound or Most Favored Nation (MFN) duty rate for HS code 79040000 is 4.2%. 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. The duty rate is applicable to the import of zinc bars, rods, profiles, and wire.
The quantity unit for HS code 79040000 is kilograms (KG). This unit is used to measure the weight of zinc bars, rods, profiles, and wire during import or export transactions. Kilograms provide a standardized measurement for trading purposes and ensure accurate calculations of quantities.
Various countries have special tariff preference programs that offer benefits or exemptions for the import of zinc bars, rods, profiles, and wire under HS code 79040000. The following countries enjoy preferential treatment:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on zinc products.
While HS code 79040000 covers the import of zinc bars, rods, profiles, and wire into the United States, it is essential to note that specific US states engage in these imports. The following US states are involved in importing zinc products under this HS code:
These states play a crucial role in ensuring a steady supply of zinc for domestic industries and manufacturing sectors.
Although the article primarily focuses on the import of zinc products, it is also worth mentioning the exporting US states. The exporting US states may not be directly related to HS code 79040000, but they contribute to the overall zinc trade. These states have zinc mines or processing facilities and are major exporters of zinc products. Some of the prominent exporting US states include:
These states significantly contribute to the global zinc supply, meeting the demand for zinc bars, rods, profiles, and wire in various countries.
HS code 79040000 encompasses zinc bars, rods, profiles, and wire. It plays a vital role in several industries and is subject to specific duty rates and special tariff preference programs. Understanding the details of this HS code is crucial for importers, exporters, and industry professionals involved in the zinc trade.