Tuesday, January 19, 2010

Trade Terms Tuesday

Welcome to Trade Terms Tuesday! Each Tuesday, we will share three trade-related terms. In order to reach out to our diverse readership, we will try to provide one for exports, one for imports, and one for logistics/transportation. This week, we continue with the M’s.

The manifest is a shipping document that provides the description of cargo contained on the ship, plane, truck or other conveyance. It is a document that lists the bills of lading issued by a carrier and provides a detailed summary of the total cargo of a vessel.

A maquiladora is a Mexican Corporation operating under a maquila program approved by the Mexican Secretariat of Commerce and Industrial Development. A maquiladora provides for special customs treatment, allowing duty free temporary import of machinery, equipment, parts and materials, and administrative equipment such as computers, and communications devices, subject only to posting a bond guaranteeing that such goods will not remain in Mexico permanently. Maquiladoras are used for duty-free assembly of goods for subsequent re-export.

Missile Technology Control Regime

The Missile Technology Control Regime (MTCR) is an informal group of nations that coordinate their national export controls on goods and technology that can contribute to missile proliferation. The United States has been a member of the Missile Technology Control Regime (MTCR) since the regime’s inception in 1987. The MTCR consists of the U.S and 32 other members. Two documents guide members on missile technology controls: the MTCR Guidelines and the MTCR Equipment and Technology Annex. The Guidelines provide licensing policy and procedures; the Annex lists two categories of missile systems and related commodities with 20 sub-category items of missile-related commodities. The MTCR policies and procedures and list of controlled items are included in the EAR.

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