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The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
Title 15 is the portion of the Code of Federal Regulations that governs Commerce and Foreign Trade within the United States. It is available in digital or printed form. Title 15 comprises three volumes, and is divided into four Subtitles: Subtitle A — Office of the Secretary of Commerce; Subtitle B — Regulations Relating to Commerce and ...
The Foreign-Trade Zones Act was one of two key pieces of legislation passed in 1934 in an attempt to mitigate some of the destructive effects of the Smoot-Hawley Tariffs, which had been imposed in 1930. The Foreign-Trade Zones Act was created to "expedite and encourage foreign commerce" in the United States.
The court reasoned that "the words imports, exports, and imposts are used with exclusive reference to foreign trade" [1]: 134 in Article VI, §3 and Article IX, §1 of the Articles of Confederation and found that the records of the Constitutional Convention used the words "duty," "impost," and "import" in reference to foreign trade.
A shipment or transmission out of the US, including sending or taking an item out of the US in any manner. [11] Releasing or transferring technology or source code (but not object code) to a foreign person in the US, which the EAR consider an export to the foreign person's most recent country of citizenship or residency. [12]
Trade Act of 1974; Long title: An Act to promote the development of an open, nondiscriminatory, and fair world economic system, to stimulate fair and free competition between the United States and foreign nations, to foster the economic growth of, and full employment in, the United States, and for other purposes.
Goods in a Foreign-Trade Zone are not considered imported to the United States until they leave the zone. Foreign goods may be used to manufacture other goods within the zone for export without payment of customs duties. [12] Zones are limited in scope and operation based on approval of the Foreign-Trade Zones Board. Zones are generally near ...
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...