This is a 1993 Chevy Suburban, and this is a 2018 Chevy Suburban. - The 1993 one costs $21,000 brand-new, and the 2018 one costs $47,000. - But if we adjust the price for inflation, the 1993 Suburban would cost $42,000 today. - Even though the 2018 model comes with modern features like a backup camera, remote engine start, and airbags, the cost hasn't changed much in 25 years. - It's not just the Suburban; the average price of new cars has risen only 7% since the early 90s, while the price for almost all other goods has increased by 86%. - And that is thanks to NAFTA. - The Music nations of North America are ready, strengthened by the explosion of growth and trade, to recognize that there is no turning back from the world of today and tomorrow. - When the North American Free Trade Agreement took effect in 1994, it was the first major trade deal of its time. - The US, Canada, and Mexico agreed to eliminate tariffs, which are taxes on most imported and exported goods. - The countries hoped that by increasing investments and strengthening Mexico's economy, it would slow illegal immigration. - The trade agreement benefited the auto industry in particular; it allowed automakers to keep costs down because cars and auto parts could be traded for free, for the most part. - If at least 62.5% of a car's parts were sourced from North America, it would be tariff-free. - Cars that didn't meet the requirements or were made overseas would be slapped with a 2.5% tariff. - NAFTA also gave automakers the ability to source cars where costs were lowest. - By comparison, a car made in Mexico cost $1,200 less than one built in the U.S. because labor and parts...
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Omb no. 1651-0098 exp. 4-30-2020 Form: What You Should Know
NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) CERTIFIER OF ORIGIN. 20 Categories. OMB:. Exp. 04-30-2020. From date of filing. From source. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) CA/OCT. Exp. 04-30-2020. From date of filing. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) VERTIGO. 21 CRIME. OMB-12040190. 0-0-0040. AFFIDAVIT OF ORIGIN. From date of filing. From source. NAFTA SID--EXF. Notice of Expiration of Certificate of Origin I. INTRODUCTION A Certificate of Origin (CO) issued by U.S. Customs and Border Protection as an official document of origin (DOD Form 4847) will expire 21 days after the current filing month's expiration date. The form can be renewed annually on a month-by-month basis. A CBP Border Inspection Station (BIS) or Field Office (FO) may not issue an extension of a Certificate of Origin beyond this period of time. A BIS or Field Office (FO) must first be notified of the extension application by the CBP Agent or CBP Field Assistant who is to issue the certificate. The Agent or Field Assistant will also issue the CO to the holder on the date the Agent or Field Assistant has received the notification. The holder of the CO may have a Certificate of Origin for up to 5 years for each unit of property subject to the certificate of origin, or up to a maximum of 10 years for each unit. After the 5-year period, the CO will be revoked. B. INTRODUCTION TO CERTIFICATES OF ORIGIN A Certificate of Origin (CO) is an official document that identifies the origin and destination of both domestic and exported products, either in an individual package or in a specific unit. The CO can serve to identify items when an invoice or purchase order is returned and provides evidence that the goods are subject to the certificate of origin requirement. The CO also provides a way to document the use of certain products in trade deals.
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