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is dr cafta working?
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Working for whom and to do what? I'm no expert, but my observation is that the DR infrastructure has limited the effectiveness of exports (transportation cartels, energy costs, e.g.), and the tax structure is not kind to imports [or anything else]. And then, of course, there is that pesky little problem of corruption. The US side is not without inhibitions. Sugar, rice, and other agricultural subsidies, are notable. Apparel may fare better.
As with any other legal document, the DR-CAFTA is more complicated and nuanced. 'Free' trade is not completely 'free'. The Agreement is a volume of specific provisions that were politically worked out over a period of time. It is not as simple as you think. You can google the Agreement and have a look. Beware, it's a pretty long document.
As someone who has done a lot of importing of electronics (servers, radios, routers, fiber optic equipment, etc) DR-CAFTA does not seem relevant. We still pay huge taxes and fees. And if we're lucky all the nuts and bolts will be in the boxes when we finally get them. Have even had circuit boards missing or damaged. Plus we have to allow up to 6 weeks to clear customs. Having, also, read DR-CAFTA to find out what catagory our imports are in can take hours and never found anything even close.
from which country do you source your electronics? if the origin is not the US, then DRCAFTA rules do not apply.
Are the iteme MADE IN THE USA? If not, no DR-CAFTA application
Exactly. Just because you purchase an item from a vendor in the US, it is not covered under DR-CAFTA unless it is MADE IN THE USA according to the details of that agreement. Almost nobody makes electronics in the US, so the purchase of electronics is rarely if ever going to fall under DR-CAFTA
There are more Chevrolet cars in the DR since before DR-CAFTA.
And yes the agreement is very complicated.
Exactly. Just because you purchase an item from a vendor in the US, it is not covered under DR-CAFTA unless it is MADE IN THE USA according to the details of that agreement. Almost nobody makes electronics in the US, so the purchase of electronics is rarely if ever going to fall under DR-CAFTA
There are more Chevrolet cars in the DR since before DR-CAFTA.
And yes the agreement is very complicated.
DR-CAFTA has resulted in many more US products on store shelves at competitive prices. This is especially apparent in grocery stores.
This has led to increased quality in locally produced products, again seen in the grocery stores. I cite mayo & catsup as just two but no doubt there are many more.
This has led to increased quality in locally produced products, again seen in the grocery stores. I cite mayo & catsup as just two but no doubt there are many more.
If the agreement increases the quality of DR products it will have a consequence I didn't anticipate, and a really good thing! If it also positively impacts inefficiencies, that will be spectacular!
I would agree CB, but, unregulated capitalism can create unfortunate consequences, a la, the
Recession of 2007.
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It was REGULATION that created that problem, going back as far as the CRA in 1978, in the first place, when the whole thing began: gubmint picking winners and losers in an economy.
Crony capitalism is NOT "capitalism." The latter should not suffer for the corrupt excesses of the former.
Unintended consequences.
this is what im asking about...catsup....made in usa of us products should be on shelves by now....imported with no import tax by dr cafta...i mean what else are we making ? chicken is regulated...beef and all meats are the same...
i thought you attributed the collapse of the economy in 2007 to the home mortgage default rate. so which is it? regulation, or default?
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