Economics and Business
ISSN 2775-9237 (Online)
Published: 25 June 2018
Should the American Manufacturing Competitiveness Act of 2016 Be Transported in Arab States?
Lebanese University, Lebanon
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This article makes the case for the transposition of the American Manufacturing Competitiveness Act of 2016 within the legal frameworks of Arab States. This legislation provides for a temporary cut tariffs on raw materials and other products not or insufficiently available on local markets, thereby enhancing the competitiveness of U.S. manufacturers in both local and export markets, and easing access of U.S. consumers to more affordable products. Needless to say, the adoption of a similar tool in the Arab States would provide effective leverage to support the economic diversification and export strategies undertaken over the last decade.
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