Bill Would Restrict NME Content in FTA Goods
Sen. Bob Casey, D-Pa., recently introduced The Market Economy Sourcing Act, which would impose restrictions on goods covered by free trade agreement benefits, so that nonqualifying content also would be scrutinized.
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The bill says that if 50% regional value content is required for a good the first five years after that FTA came into effect, no more than 20% of the rest of the content could come from non-market economies, such as Vietnam and China. After that, no more than 10% could come from NMEs.