MUS FTA Implementation Act

WRITTEN BY SECRETARY OF FOREIGN AFFAIRS Kanye WEST
----100th Congress of the United States
IN BRIEF
A free trade agreement with the Mexican government to eliminate trade barriers and connect both economies to massively grow together.
== Section 1. Name of Bill ==
This Bill will be known as the MUS FTA IMPLEMENTATION ACT for the duration of this bill, in all debates, and following enactment by the executive branch will carry the same title.
== Section 2. Findings and Definitions ==
FINDINGS
# Whereas, Mexico is one of the US’s largest trading partner
# Whereas, economic opportunity to find cheaper goods and increase export markets exist in Mexico
# Whereas, diversity of product will increase for American consumers and create better surplus for American consumption
# Whereas, Mexico is a key ally that embraces free market liberalism
DEFINITIONS
# RVC - regional value content, the percentage of a good that is originating in the free trade area
# Member of agreement - 
## Mexico
== Section 3. Trade Agreement ==
# State governments and the federal government can grant government contracts to the country member of the agreement
# Goods from the member of agreement country will be treated the same as American goods
== Section 4. RVC Requirements ==
# Tariff and quotas will be eliminated on good following the outlined RVC:
## Goods valued up to 2,500 will be subject to 15% RVC
## Goods values from 2,500 to 5,000 will be subject to a 25% RVC
## Goods valued from 5,000 to a 7,500 will be subject to a 30% RVC
## Goods valued from 7,500 to 10,000 will be subject to a 50% RVC
## Goods exceeding 10,000 subject to 50%
== Section 5. Implementation ==
* Will be implemented over the course of 10 years beginning January 1st, 1989
Category:Bills
Category:Law