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Originally posted by The_Zomar
My friends cousin said that Wal-mart trucks are passing through the mexico-US border without being searched. He said one accidentally got searched and it was full of chinese military equipment...
I'm going to see if I can get a picture.
A foreign trade zone is a warehouse on US soil that acts like limbo for imported goods. If you have something that can’t come into the country, is just stopping off before being shipped to another country, or needs to operate outside of standard Customs procedures, a Foreign Trade Zone (FTZ) might be the way to go.
Example: I worked with a customer one time importing textiles (T-shirts) from China for sale in the US. As many textile importers will tell you, there is an import quota on Chinese textiles that caps the total amount they’re allowed to import into the US each year. Unfortunately, this importer’s agent failed to advise his customer that his category’s quota for the year had been filled. The end result was 50,000 embroidered T-shirts held at the port of Long Beach California that could not be cleared through Customs.
As you can probably guess, the solution I recommended was a Foreign Trade Zone. By warehousing the goods in an FTZ on US soil, the importer was able to avoid shipping his goods back to China (and all the costs that would incur) and was first in line when quota was re-opened the following year.
Not a totally pleasant experience for the importer, but a lot better than the alternative.
United States Code
TITLE 15 > CHAPTER 4 > § 141
§ 141. Short title
This chapter may be cited as the “China Trade Act, 1922.”
United States Code
TITLE 15 > CHAPTER 4 > § 142
§ 142. Definitions
When used in this chapter, unless the context otherwise indicates—
(a) The term “person” includes individual, partnership, corporation, and association;
(b) The term “China” means
(1) China including Manchuria, Tibet, Mongolia, and any territory leased by China to any foreign government,
(2) the Crown Colony of Hong Kong, and
(3) the Province of Macao;
(c) The terms “China Trade Act corporation” and “corporation” mean a corporation chartered under the provisions of this chapter;
(d) The term “Federal district court” means any Federal district court, and the United States District Court for the District of Columbia;
(e) The term “Secretary” means the Secretary of Commerce; and
(f) The term “registrar” means the China Trade Act registrar appointed under section 143 of this title.
Mutual respect? I'll respect China when it respects its rivers and air and people. Cheap labour comes at a cost and up till now america has allowed it because we've lost self control.
Originally posted by aorAki
reply to post by hawkiye
Fantastic news.
It's about time you guys got some payback for all the ills you have promoted around the world. Yes, I realise it wasn't you, rather your government, over the years, but now it's time for you to see what it's like to have foreign powers set up, export their culture (not of mindless consumption this time, unless you are the recipients) and get a sense of perspective.
Sovereignty and Patriotism are twin cancers that breed suspicion, intolerance, warfare and unbridled competition.
I'm beginning to think that it is,indeed, high time that we got rid of these outmoded notions and focussed more on cooperation and mutual respect borne out of understanding and tolerance.
Until then, I will be laughing. This is what you guys have done the world over and NOW you complain when it happens to you?
Cheers for this, you've made my day!
Originally posted by KANE OG
It's another "1111OMG1111" typical scare thread. I can't believe there are so many of them.
Originally posted by MrXYZ
Originally posted by The_Zomar
My friends cousin said that Wal-mart trucks are passing through the mexico-US border without being searched. He said one accidentally got searched and it was full of chinese military equipment...
I'm going to see if I can get a picture.
That makes no sense whatsoever! Why would the Chinese smuggle military equipment into the US, or from the US into Mexico??? And even if that happened, all it proves is that weapons smuggling is going on.
On that note, did you know that in the Mexican drug wars, over 30k people have died...and that 90% of the weapons used come from the US? Why? Because it's easier for drug lords to buy weapons in the US and then use them in Mexico rather than buying the weapons in the Mexico. Now THAT is some nice weapons smuggling. But of course no one talks about it because it's a huge industry and money factor for the US weapons industry. Also, you might want to look up who's the largest exporter of weapons in the world
... but this FTZ thing is to get your astute eyes off of the real problem. The collapse of the US dollar.
(2) Economic factors. After its review of threshold factors, if there is a basis for further consideration, the Board shall consider the following factors in determining the net economic effect of the activity of proposed activity:
i) Overall employment impact;
ii) Exports and reexports;
iii) Retention or creation of manufacturing or processing activity;
iv) Extent of value-added activity;
v) Overall effect on import levels of relevant products, including import displacement;
vi) Extent and nature of foreign competition in relevant products;
vii) Impact on related domestic industry, taking into account market conditions; and
viii) Other relevant information relating to public interest and net economic impact considerations, including technology transfers and investment effects.
ia.ita.doc.gov...
2) Admission of items subject to AD/CVD actions. Items subject to AD/CVD orders or items which would be otherwise subject to suspension of liquidation under AD/CVD procedures, if they entered U.S. Customs territory, shall be placed in privileged foreign status (19 CFR 146.41) upon admission to a zone or subzone. Upon entry for consumption, such items shall be subject to duties under AD/CVD orders or to suspension of liquidation, as appropriate, under 19 CFR parts 353 and 355.
ia.ita.doc.gov...