What does the Trade Agreement Act provide?
The Trade Agreements Act (TAA) is the enabling statute that implements numerous multilateral and bilateral international trade agreements and other trade initiatives. The TAA applies to all GSA Schedule contracts unless otherwise stated in the solicitation or contract.
What are TAA requirements?
TAA compliance simply means the “final products” you sell through your GSA Schedule as a product manufacturer or GSA reseller cannot be made in certain countries including, but not limited to: China. India. Indonesia.
What does TAA compliance mean?
A good or service is TAA-compliant if manufactured or substantially transformed in the United States or manufactured in a TAA-designated country. A TAA-designated country is a nation with which the U.S. maintains a trade agreement and regards as a reliable or acceptable procurement source.
How is TAA compliance calculated?
A product is TAA compliant if:
- At least 50% of its overall manufacture cost originates from the US or designated countries.
- The product has undergone substantial transformation in the US or designated countries.
Are trade agreements law?
Canada is responsible under the WTO Agreement for SPS measures taken by any level of government in Canada.
Does the trade agreements Act apply to services?
TAA applies in contracts for services. The impact of the Act is, however, significantly less than in contracts for products.
What is a Trade Readjustment Act?
Trade Adjustment Assistance (TAA) is a federal program that provides assistance to workers who have lost or may lose their jobs as a result of foreign trade. A group of workers may be eligible for TAA if their jobs are lost or threatened due to trade-related circumstances, as determined by a DOL investigation.
Are Apple products TAA compliant?
To facilitate our Government Agencies access to Macintosh desktop workstations, Apple is now manufacturing select Mac Pro computers in TAA-compliant countries and the U.S.
What does it mean to be GSA approved?
The status of “GSA Approved” denotes that a company or organization is allowed to sell products or services to the United States Government through the General Services Administration (GSA). The GSA heads all purchasing operations within the government through contracts or Schedules.
Do cables need to be TAA compliant?
TAA Compliant Ethernet Cable Not only can ethernet cable be designated as TAA but cables accessories as well. Components and plugs are manufactured all over the world and this destination can apply to those as well. Getting plugs manufactured in one of the countries above means that they are TAA compliant.
What is a TAA compliant laptop?
The Trade Agreements Act, or TAA, mandates that a product must either be manufactured or substantially transformed in a designated country. Using the available guidance from the Customs and Border Protection Agency we certify TAA compliance on our Traverse laptops.
Why do free trade agreements exist?
For the United States, the main goal of trade agreements is to reduce barriers to U.S. exports, protect U.S. interests competing abroad, and enhance the rule of law in the FTA partner country or countries. Currently, the United States has 14 FTAs with 20 countries.
What is the Trade Agreement Act clause?
The Trade Agreements Act of 1979 (TAA), Pub.L. 96–39, 93 Stat. 144, enacted July 26, 1979, codified at 19 U.S.C. ch. 13 ( 19 U.S.C. §§ 2501 – 2581 ), is an Act of Congress that governs trade agreements negotiated between the United States and other countries under the Trade Act of 1974.
What is the Trade Agreement Act threshold?
The current threshold for the applicability of the Trade Agreements Act (for a supply or service contract) is $203,000. The U.S. Trade Representative revises this threshold approximately every two years (refer to FAR 25.402(b)).
What is non TAA compliant?
TAA compliant countries are designated countries and the U.S. You can find the complete TAA compliant countries list in FAR, part 25. Correspondingly, non TAA compliant countries are countries outside of this list, for instance, China, Russia, North Korea.
What countries are FTA?
The five Nordic countries of Denmark, Norway, Finland, Iceland and Sweden today pitched for a Free Trade Agreement ( FTA) with India to increase business ties.