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Exporters frustrated by uneven local content rules for ECAs

Last month’s TXF conference in Hong Kong provided numerous dynamic interactions between industry members. An interesting discussion during the Exporter’s Idea Lab revealed a competitive disadvantage for certain participants.

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Comments (2)

  • William Laraque
    William Laraque, US-International Trade Services 1 December 2015

    I think that part of the problem is the illogical WTO country of origin determination. The place where "the last substantive transformation takes place" is irrelevant in a world of Trade in Value Added products (TIVA) and trade in intermediate goods. By this WTO logic, an iPhone invented, patented, marketed, with its graphics and packaging designed in California, with parts from Germany and Taiwan, is considered of Chinese origin. How absurd!

  • William Laraque
    William Laraque, US-International Trade Services 1 December 2015

    I think that part of the problem is the illogical WTO country of origin determination. The place where "the last substantive transformation takes place" is irrelevant in a world of Trade in Value Added products (TIVA) and trade in intermediate goods. By this WTO logic, an iPhone invented, patented, marketed, with its graphics and packaging designed in California, with parts from Germany and Taiwan, is considered of Chinese origin. How absurd!

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