Posts tagged Foreign Trade Zones
Trade Agreements: Why Are They Important?
Trade Agreements: Why Are They Important?

When imports enter a country they normally have a tariff or a tax. So for example: when you are purchasing an item from France it’s more expensive because of a duty that the importer had to pay for it to come in. When a Trade Agreement is negotiated there is an elimination of that tax then the import comes in freely and the item may be less expensive than one you could purchase in the United States. If too many of those items are coming in then there may be concerns that there needs to be protection of that industry.

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Business, Business News, Foreign Trade, Foreign Policy, International Business, International LawTEIL Firms, LLCFree Trade Zone, Free-Trade-Zone, Free Trade, Foreign Trade, Foreign Trade Zones, Foreign Policy, International Trade Agreement, Trade Agreement, Agreement, Bi-Lateral Agreement, The Central American-Dominican Republic Free Trade Agreement, Trump, Trade, International Trade, Fair Trade, Global Trade, Global, Global Economy, World, The Trans-Pacific Partnership, Multi-Lateral Agreement, Multilateral Trade Agreement, Multilateral Agreement, Unilateral Agreement, Bi-Lateral Trade Agreement, Bilateral Trade AgreementsComment
NAFTA: Could It Be Lost?
NAFTA: Could It Be Lost?

In order to decrease fears of US litigation, or any long drawn out litigation, for that matter, NAFTA has "dispute resolution panels." These panels look at whether or not the NAFTA countries participant is being treated fairly. Under President Trump, the US has claimed that "US court's sovereignty is eroded." He would do away with the panel altogether. Canada and Mexico want to keep them of course.

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International Business, International Law, PoliticsTEIL Firms, LLCNAFTA, Canada, Mexico, Free-Trade-Zone, Free Trade, Free Trade Zone, Workforce, International Trade, International Trade Agreement, Resolution, Politics, Foreign Policy, Foreign Trade, Foreign Trade Zones, Fair TradeComment