Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 99028005: Cobalt Boron

The HS Code 99028005 refers to the product description of Cobalt Boron, which falls under subheading 8105.10.30. Cobalt Boron is a chemical compound consisting of cobalt and boron, and it is commonly used in various industries for its unique properties.

When it comes to international trade, the bound or Most Favored Nation (MFN) duty rate for Cobalt Boron is free. This means that countries must eliminate any trade barriers or open up their markets for this product for all their trading partners. This ensures fair and equal treatment for all countries involved in trade.

Unfortunately, the exact quantity unit for Cobalt Boron is not available (NA) in the provided data. However, it is important to note that the quantity of the product plays a crucial role in determining its value and trade volume.

Special Tariff Preference Programs

In addition to the general duty rate, there are various special tariff preference programs that can affect the import and export of Cobalt Boron. These programs are designed to promote trade and economic cooperation between countries.

Some of the special tariff preference programs that may be applicable to Cobalt Boron include:

• Generalized System of Preferences (GSP): GSP provides reduced or zero-duty rates for eligible products imported from developing countries. This program aims to support economic growth in these countries.
• Free Trade Agreements (FTAs): Countries that have signed free trade agreements with each other may offer preferential duty rates for specific products, including Cobalt Boron. FTAs eliminate or reduce trade barriers between participating countries.
• Regional Trade Agreements (RTAs): Similar to FTAs, RTAs are agreements between countries within a specific region. These agreements promote trade integration and may offer preferential tariff rates for certain goods.

It is important for importers and exporters of Cobalt Boron to be aware of these special tariff preference programs and take advantage of any benefits they provide. This can help reduce costs and increase competitiveness in the international market.

Importing and Exporting US States

The import and export of Cobalt Boron can vary between different states within the United States. Some states may have higher demand for the product due to their specific industries or manufacturing capabilities.

When it comes to importing Cobalt Boron into the United States, some of the key states that are major importers include:

• California
• Texas
• Illinois
• New Jersey
• Ohio

These states have a strong industrial base and are known for their manufacturing activities, which may require the use of Cobalt Boron in various processes.

On the other hand, the major exporting states of Cobalt Boron from the United States include:

• Michigan
• Indiana
• Tennessee
• Ohio
• Illinois

These states are likely to have significant production capabilities for Cobalt Boron and export the product to meet the demand in both domestic and international markets.

the HS Code 99028005 represents Cobalt Boron, a chemical compound used in various industries. It is important to understand the special tariff preference programs and the specific importing and exporting states when dealing with this product in international trade. By staying informed about the regulations and market dynamics, businesses can make informed decisions and maximize their opportunities in the global marketplace.