Verity International Ltd. has executed a Monumental Strategic Partnership Agreement with China-based EPEM Electronic Technology Co., Ltd, (EPEM). EPEM is a subsidiary of the Chinese Government Commercial Network Construction and Development Center.
This Agreement is exclusive for verification and validation services for the official “Made in China Certified” claim to increase the perceived quality and brand of Chinese products in the international market.
Included in this agreement VERITY has an exclusive provision to provide all Country of Origin COOL verification and validation services regarding imports into China with “Made in USA and Product of USA Certified” claims, to help balance out and provide transparency for the U.S. | China Tradedeficit and all COOL claims examples: Made in Canada, Made in Australia, Made in Italy and many more, for import into the Chinese market to provide product transparency using Internet of Things (IoT), Blockchain and Artificial Intelligence (AI).
Nearly eight months after President Donald J. Trump signed his executive order “Buy American and Hire American,” an expert on certifying whether goods are made in the United States shared with Big League Politics the challenges in certification and enforcing Trump’s intentions.
Adam Reiser, the CEO and founder of Certified, Inc., told Big League Politics he is seeing no action in the executive branch to move the president’s executive order forward.
A source familiar with how the White House drafted the executive order told Big League Politics: “There are zero teeth in it, you know? Let’s of fanfare, lots of publicity, back-slapping and hand-shaking with Trump–and now, it is getting resisted, like as if it meant nothing.”
According to the president’s directive, all agencies were supposed to have turned into both the Department of Commerce and the Office of Management and Budget how they plan to comply. These plans are to include, searchable databases of certified vendors, storage arrangements for the documents and simplifications of their internal procurement procedures.
Reiser said Trump’s executive order was the president’s attempt to bring federal procurement back in synch with the law.
A senior administration official speaking on background on Easter Monday, the day before the executive order was signed in the headquarters of the tool company Snap-On in Kenosha, Wisconsin, said the executive order would correct the abuse of the Buy American Act waiver process.
Posted on 01 October 2013 by Michael Stumo on CPA – Trade Reform
Prime Minister Abe economic planners in Japan have figured out how to do fiscal devaluation just like he does currency devaluation. With fiscal devaluation, you raise consumption taxes and keep the benefits inside the economy. The consumption taxes are charged on imports and domestic goods. But you concentrate the benefits internally through (1) lowering other employer/domestic taxes; (2) avoiding a domestic tax increase that otherwise would have occurred and/or (3) spend the money domestically for increased competitiveness.
“Mr. Abe told leaders of the governing coalition that he would raise the tax rate to 8 percent from 5 percent in April 2014. … [B]y returning most of the revenue to businesses and individuals he will show that his government is still focused on triggering sustainable growth.”
This is a fiscal devaluation because it raises the prices of imports in relation to domestically produced goods. The key is in the differential impact on imports vs. domestic goods… just like in all trade rules or issues. If you raise money from imports and domestic goods, then concentrate the benefits locally, you get your competitive differential (which can be weaker or stronger depending upon how you do it).
Its a really good idea for Abe to raise a consumption tax in Japan. But the zombie export only crowd (those that don’t think net trade is important) in the U.S. think consumption taxes are trade neutral and refuse to take them into account during trade negotiations. And the Congressional tax geniuses debate high vs. low taxes without talking about the tax mix… i.e. we need a U.S. consumption tax of about 12% to massively lower reliance on non-border adjustable taxes like income taxes (while maintaining progressivity) and substantially increase trade competitiveness.
We’ve seen this movie before. Mexico and Canada had no border adjustable consumption tax prior to NAFTA. But they enacted one during negotiations. NAFTA was passed, tariffs across the board went down, and Mexico’s border taxes rose by 15%. CAFTA countries had not consumption tax until CAFTA was negotiated, when they implemented a shiny new 12% consumption tax that we pay when sending goods there. The zombie export only crowd is really surprised to hear these facts because their blinders have obscured that information.
What good are trade agreements? Really. On the numbers. Our trade deficits have become the worst ever. They refuse to deal with currency devaluation, fiscal devaluation (consumption taxes), state owned enterprises so other countries do a bait and switch. The import penetration to Japan’s market is the same percentage in 2013 as it was in the 1980′s.
The U.S. needs a national strategy to balance trade. And a national production strategy. The trade negotiators and trade related committees in Congress are simply screwing up.
To learn more about Made in USA Certification please visit our website: www.USA-C.com
It is unclear if Wal-Mart’s recent commitment to buy an additional $50 billion in Made In America goods over the next decade will spark a manufacturing revival in the United States.
What is clear is that the timing of the Wal-Mart push could not have been better for the upcoming U.S.-China Manufacturing Symposium set for November in Dothan.
While Wal-Mart officials actually announced the initiative in January, it received widespread publicity during a U.S. manufacturing summit in Orlando in August. Executives with the Arkansas-based company say that a focus to increase the purchase of American-made goods could not only drive the creation of more manufacturing jobs, but also add jobs in other sectors including transportation, accounting and industrial engineering as well.
Raymond Cheng, founder and CEO of the SoZo Group – the organizer of the upcoming U.S.-China Manufacturing Symposium in Dothan – said the Wal-Mart announcement is beginning to have an impact in China.
“The Chinese manufacturers are starting to hear about Wal-Mart’s decision. This subject of Made in USA was brought up by top Chinese trade and manufacturing practitioners during the meetings that we hosted in Beijing with U.S. Under Secretary of Commerce Francisco Sanchez (Monday),” Cheng said. “I expect Wal-Mart’s decision will alert some of the Chinese manufacturers, and prompt more Chinese manufacturers to rethink manufacturing and look for a new place to be, especially as we are entering a new era of manufacturing.”
U.S.-based manufacturing is becoming more attractive to companies that have been opening manufacturing facilities in other countries, and to companies in other countries that never considered opening manufacturing facilities in the United States. Several factors are leading to the increased interest:
» Lower U.S. energy costs. A recent Dallas Morning News story cited the “shale boom” as a factor in the location of three international steel manufacturing plants in Texas. The story stated Texas industrial natural gas costs are 25 percent lower than costs paid by Asian manufacturers.
» Increased wages in China.
» Stiff anti-dumping tariffs for certain foreign products.
The China-based Golden Dragon Copper Tubing recently began construction on a $100 million manufacturing facility in Alabama’s Wilcox County. When complete, the plant is expected to employ 300. Locating in the United States will allow Golden Dragon to avoid the tariff and save a bundle on transportation costs.
“As manufacturing in the U.S. is becoming more affordable — plus the attraction to the “Made in USA” stamp — we are seeing more and more Chinese manufacturers becoming interested to invest in America and manufacture here,” Cheng said. “That’s why when we announced the symposium in June, we decided to use this symposium to bridge the United States and Chinese manufactures. We believe that the symposium and its precursor events such as the SoZo 3D Technology Tour (kicked off last week in Dothan) can bring U.S. and Chinese manufacturers together and help to create jobs in communities like Dothan.”
Dothan will host as many as 400 Chinese business executives interested in United States expansion during the three-day symposium Nov. 10-12. Dothan, as well as several other cities and counties, are expected to aggressively pursue companies in order to find jobs.