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Bait and switch and rules of origin |
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Written by Stumo
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Friday, 23 November 2007 |
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Rules of origin. They are found in trade agreements.
These rules determine when we say a product is made in this or that
country.
A 100% Mexican product is easy to label as a product of
Mexico. But if most of a shirt is made in China, and assembled in
the U.S. with a couple of buttons, is it made in the U.S.A.? Of
if the shirt is primarily made in Argentina, but finally assembled in
Mexico, is it entitled to NAFTA duty free status?
Ths U.S. has
tariffs on imported ethanol due to a policy decision to grow our ethano
industry for energy security purposes. Cargill and ADM make
ethanol in Brazil. Under the Caribbean Basin Initiative, they
could rehydrate their Brazilian ethanol and take advantage of the low
CBI tariffs.
A NY Times op-ed today
shows how luxury good makers are hiding the origin of their products,
or misleading the public. These rules make or break some
industries.
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