Manufacturing

How Will the TPP Affect Your Business?

How Will the TPP Affect Your Business?

Whether you’re for or against this agreement, experts concur that the Tran-Pacific Partnership (TPP) is an “absolute bear” that comes with a “mixed bag of pros and cons”. With 12 countries in its scope that account for 40% of the world’s GDP, 26% of the trade and 793 million consumers, it is said to be the world’s largest trade deal yet.  Previously that title was held by NAFTA.

Notably the agreement does not include China, which was an intentional move to balance their trade dominance as well as India’s in East Asia.

Who are the 12 countries?  Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

Proponents of the TPP tout that it eases trade barriers for small to medium-sized businesses by reducing red tape and corruption, and strengthening logistics. However, it is not without controversy, especially for tech companies that provide ISP and cloud storage services.

Furthermore, although it has new common standards for workers’ rights, there are questions about enforceability.

The International Trade Administration has information available on how the TPP is expected to impact every state in the U.S.  To find out about your state and the industries it will impact go to  https://trade.gov/fta/tpp/index.asp

Also the Office of the United States Trade Representative has TTP Fact Sheets on their web site at https://ustr.gov/trade-agreements/free-trade-agreements

FTC Challenges Made in USA Claims

FTC Challenges Made in USA Claims

For many American consumers the decision to buy products made in the USA is an important one. The Federal Trade Commission recently published an article regarding a particular company that is being sued for making false claims by advertising it’s products as “Made in the USA” or “Proudly Made in the USA”.

According to the complaint, this company claimed its products are “all or virtually all made in the US”. The FTC alleges that approximately 55% of chemicals used in the products are attributable to imported chemicals. Therefore, the suit states that the company’s claims were deceptive because although the products are made in the US, they are made with domestic and imported materials.

This company also manufactured products under brand names for other retailers. The article states  “Thus, the complaint alleges that [the company] provided others with the ‘means and instrumentalities’ to deceive consumers.”

If you’re currently marketing products as “Made in the USA”, or are considering doing so, the FTC has  the following publications and more available to companies.

Complying with the Made in the USA Standard

Selling American Made Products? What Businesses need to know about Made In the USA claims

Qualified Claims

Comparitive Claims

The FTC and Customs Service

What to do about violations

For more information visit https://www.ftc.gov/

He who laughs last: the return of U.S. manufacturing – AMA Shift

He who laughs last: the return of U.S. manufacturing – AMA Shift

Ten years ago, at the height of the outsourcing frenzy, I predicted on CNN in front of 16 million people, worldwide, that United States’ manufacturing would come back and that we would be making “things” again – appliances, heavy equipment, computers, TV’s and electronics. Even my dog laughed at me!


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Find out more about American Corporate Enterprises by visiting our website at https://americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us

Toll free (888) 274-1130 or (775)884-9380 today and visit our website at www.americancorpenterprises.com.