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Jordan–United States Free Trade Agreement
The United States–Jordan Free Trade Agreement is the first free trade agreement (FTA) between the United States and an Arab country (and the United States' fourth FTA overall behind Israel, Canada, and Mexico). It is Jordan's second free trade agreement, after the 1997 Greater Arab Free Trade Agreement. The agreement, which grants duty-free status to nearly all Jordanian exports to the United States, was signed on 24 October 2000 and went into force on 17 December 2001. Rules of origin require that goods be composed of a minimum of 35 percent Jordanian content to be eligible for duty-free entry. As a result of the agreement, Jordan became a "magnet for apparel manufacturing," as U.S. companies such as Walmart, Target, and Hanes established factories so they could cut costs by eliminating tariffs. In 2019, U.S. exports to Jordan were $1.5 billion, while imports were $2.2 billion, about 80 percent of which were apparel and textile goods. Support in the United States The U.S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade Agreement
A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand business opportunities. Multilateral trade agreements are agreements among three or more countries, and are the most difficult to negotiate and agree. FTAs, a form of trade pacts, determine the tariffs and duties that countries impose on imports and exports with the goal of reducing or eliminating trade barriers, thus encouraging international trade. Such agreements usually "center on a chapter providing for preferential tariff treatment", but they also often "include clauses on trade facilitation and rule-making in areas such as investment, intellectual property, government procurement, technical standards and sanitary and phytosanitary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rules Of Origin
Rules of origin are the rules to attribute a country of origin to a product in order to determine its "economic nationality". The need to establish rules of origin stems from the fact that the implementation of trade policy measures, such as tariffs, quotas, trade remedies, in various cases, depends on the country of origin of the product at hand. Rules of origin have become a challenging topic in international trade, not only because they constitute a highly technical area of rule-making, but also because their designation and application have not been harmonized across the world. The lack of harmony is even more remarkable in the era of regionalism, when more and more free trade agreements (FTAs) are concluded, creating the spaghetti bowl effect. Definition of rules of origin The most comprehensive definition for rules of origin is found in the International Convention on the Simplification and Harmonization of Customs procedures (Kyoto Convention), which entered into force ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Passport
A passport is an official travel document issued by a government that contains a person's identity. A person with a passport can travel to and from foreign countries more easily and access consular assistance. A passport certifies the personal identity and nationality of its holder. It is typical for passports to contain the full name, photograph, place and date of birth, signature, and the expiration date of the passport. While passports are typically issued by national governments, certain subnational governments are authorised to issue passports to citizens residing within their borders. Many nations issue (or plan to issue) biometric passports that contain an embedded microchip, making them machine-readable and difficult to counterfeit. , there were over 150 jurisdictions issuing e-passports. Previously issued non-biometric machine-readable passports usually remain valid until their respective expiration dates. A passport holder is normally entitled to enter the count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous cit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka
Sri Lanka (, ; si, ශ්රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, and southeast of the Arabian Sea; it is separated from the Indian subcontinent by the Gulf of Mannar and the Palk Strait. Sri Lanka shares a maritime border with India and Maldives. Sri Jayawardenepura Kotte is its legislative capital, and Colombo is its List of cities in Sri Lanka, largest city and financial centre. Sri Lanka has a population of around 22 million (2020) and is a multinational state, home to diverse cultures, languages, and ethnicities. The Sinhalese people, Sinhalese are the majority of the nation's population. The Tamils, who are a large minority group, have also played an influential role in the island's history. Other long establ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the List of countries and dependencies by population density, most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and list of cities and towns in Bangladesh, largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali language, Bengali, one of the easternmost branches of the Indo-Europe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweatshop
A sweatshop or sweat factory is a crowded workplace with very poor, socially unacceptable or illegal working conditions. Some illegal working conditions include poor ventilation, little to no breaks, inadequate work space, insufficient lighting, or uncomfortably/dangerously high or low temperatures. The work may be difficult, tiresome, dangerous, climatically challenging or underpaid. Workers in sweatshops may work long hours with unfair wages, regardless of laws mandating overtime pay or a minimum wage; child labor laws may also be violated. Women make up 85 to 90% of sweatshop workers and may be forced by employers to take birth control and routine pregnancy tests to avoid supporting maternity leave or providing health benefits. The Fair Labor Association's "2006 Annual Public Report" inspected factories for FLA compliance in 18 countries including Bangladesh, El Salvador, Colombia, Guatemala, Malaysia, Thailand, Tunisia, Turkey, China, India, Vietnam, Honduras, Indonesia, Brazil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-governmental Organization
A non-governmental organization (NGO) or non-governmental organisation (see American and British English spelling differences#-ise, -ize (-isation, -ization), spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit organization, nonprofit entities, and many of them are active in humanitarianism or the social sciences; they can also include club (organization), clubs and voluntary association, associations that provide services to their members and others. Surveys indicate that NGOs have a high degree of public trust, which can make them a useful proxy for the concerns of society and stakeholders. However, NGOs can also be lobby groups for corporations, such as the World Economic Forum. NGOs are distinguished from International organization, international and intergovernmental organizations (''IOs'') in that the latter are more directly involved with sovereign states and their governments. The term as it is used ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Labor Committee
The Institute for Global Labour and Human Rights, formerly known as the National Labor Committee (until 2011), is a non-profit, non-governmental organization (NGO) that investigates human and labor rights abuses committed by large multinational corporations producing goods in the developing world. The Institute was headquartered in Pittsburgh, Pennsylvania, with offices in Bangladesh and Central America. Charles Kernaghan served as the Executive Director. The Institute published investigations with the goal of influencing public opinion and corporate policy. It is widely considered to be the organization that began the late-20th-century anti-sweatshop movement in America. The organization suspended operations as of June 2017. Founding In 1980, the National Labor Committee (NLC) was founded by Jack Sheinkman, President of the Amalgamated Clothing and Textile Workers Union; Doug Frazer, President of the United Auto Workers; and Bill Wimpisinger, President of the International As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Surplus
The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are bad in and of themselves is overwhelmingly rejected by trade experts and economists. Explanation The balance of trade forms part of the current account, which includes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. '' Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Textile Industry
The textile industry is primarily concerned with the design, production and distribution of yarn, cloth and clothing. The raw material may be natural, or synthetic using products of the chemical industry. Industry process Cotton manufacturing Cotton is the world's most important natural fibre. In the year 2007, the global yield was 25 million tons from 35 million hectares cultivated in more than 50 countries. There are five stages of cotton manufacturing: * Cultivating and Harvesting * Preparatory Processes * Spinning — giving yarn * Weaving — giving fabrics * Finishing — giving textiles Synthetic fibres Artificial fibres can be made by extruding a polymer, through a spinneret (polymers) into a medium where it hardens. Wet spinning (rayon) uses a coagulating medium. In dry spinning (acetate and triacetate), the polymer is contained in a solvent that evaporates in the heated exit chamber. In melt spinning (nylons and polyesters) the extruded polymer is cooled in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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