When it comes to international trade, every product is assigned a unique code known as the Harmonized System (HS) code. These codes help in the classification and identification of products for customs and statistical purposes. In this article, we will explore the HS code 99021038 and dive deeper into its product description, duty rates, and special tariff preference programs.
The HS code 99021038 corresponds to a specific product called Fenamidone. Fenamidone is identified by its CAS number, which is 161326-34-7. The product falls under the subheading 2933.29.35, which further categorizes it within the broader classification system.
Fenamidone is a chemical compound used primarily as a fungicide in agricultural activities. It is known for its effectiveness in controlling fungal diseases in crops, particularly in fruits and vegetables. With its unique properties, Fenamidone plays a crucial role in ensuring healthy and disease-free agricultural produce.
The duty rate associated with HS code 99021038 is "Free." This means that there are no import duties imposed on the product when it enters a country that follows the World Trade Organization's (WTO) Most-Favored-Nation (MFN) principle. According to this principle, a country must provide the same trade benefits to all its trading partners.
In simpler terms, if a country lowers a trade barrier or opens up its market, it must do so for all goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
Unfortunately, the available data does not provide information about the quantity unit for HS code 99021038. However, it is important to note that quantity units vary depending on the nature of the product. It could be measured in kilograms, liters, pieces, or any other relevant unit of measurement.
In addition to the general duty rates, some countries offer special tariff preference programs that provide additional benefits to specific products. These programs are designed to promote trade and economic cooperation between countries.
While the available data does not specify any special tariff preference programs for HS code 99021038, it is essential for importers and exporters to stay updated with the latest trade agreements and preferential arrangements. These programs can significantly impact the cost of importing or exporting goods, making them more competitive in the international market.
The HS code 99021038 is relevant for both importing and exporting activities in the United States. Various states within the US engage in international trade, importing and exporting goods across borders.
Importing US states refer to those states that receive goods from foreign countries. These states rely on products like Fenamidone to meet their domestic demand and support various industries, such as agriculture and horticulture.
On the other hand, exporting US states are those that ship goods to foreign countries. These states play a vital role in expanding international trade and contributing to the economic growth of the nation. The export of products like Fenamidone helps to establish the US as a reliable global supplier of agricultural solutions.
HS code 99021038 represents Fenamidone, a fungicide used in agriculture. The duty rate associated with this code is "Free," implying that no import duties are imposed on the product. While no special tariff preference programs are specified, it is important to stay updated with trade agreements. Importing and exporting US states play a crucial role in international trade, contributing to the economy and meeting domestic and global demands.