Free trade agreements are no weapon against fraudulent acts

Free trade agreements are no weapon against fraudulent acts

In the first half year of 2012 investigations by the U.S. Customs and Border protection in three countries under FTA’s or trade preference programs evidenced the fact that by visiting 57 textile factories, the inspectors found that in 32 % of the cases there were fraudulent acts committed as to origin of fibres, yarns, or fabrics and their true origin

When one looks at the inspections conducted 2003 to 2011 when six to 11 countries and several hundreds of factories were inspected each year the discrepancy rate ranges between 27 and 45 %.

More details can be had from the table shown below.

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