Word: tariff
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...years to attract high-tech firms. Among the enticements: any business that invests $10 million will get five years of tax breaks. Each South Korean will be allowed to spend $1,200 on duty-free purchases from Cheju each year. And perhaps most appealing to business--imports will be tariff free. "It can be an important port for exports to Japan and the U.S.," says Joon Yeob Han, spokesman for the South Korean embassy in Washington--who fondly recalls his honeymoon on Cheju more than 20 years...
...Outgoing co-chair Harriet T. Vostock ‘02 expressed her appreciation of a handful of Doritos by saying, “Amazing!” Things Vostock has previously dubbed “Amazing!” include: the Smoot-Hawley Tariff; the title “The Invasian”; wheels; being in a loving relationship with a cat; the fact that the Earth orbits the sun; stuff: “just. like, stuff”; countless suck-ass article ideas; and fluorescent lights...
Some Latin American countries are trying to use the new mood in Washington to get trade openings they have sought for years. They want tariff reductions on products ranging from T shirts to footwear, leather goods to sugar. Colombia is struggling to move through Congress an expanded Andean Trade Preferences Act that would establish a graduated duty system, starting with no tariff, for textiles and apparel. "An important number of U.S. buyers shy away from Colombia because of the internal conflict," says Ronald Bakalarz, president of Stanton & Co., a Bogota-based footwear company. "But the more employment we create...
...ryios. For the more energetic, a winding footpath leads to the top. A terraced cafe facing the Acropolis offers a stunning, expansive view. Best to Avoid: Taxi drivers who don?t smile, refuse to issue receipts and negotiate fares upon entry. Insist that the meter runs on single tariff while in Athens. Best Come-back: Benaki Museum. If you have time for only one museum stop, this Neo-classical landmark is the place to go. Open again after a 12-year renovation, the museum has a priceless collection spanning Hellenism?s 5,000 years. 1 Koumbari Street...
...tariff barriers present more of a dilemma. Disturbing trends have been developing under the World Trade Organization: governments have been sued because they refused to open essential public services to private competition. For instance, UPS recently sued Canada because it subsidizes its post office—assaults on our northern neighbor’s nationalized healthcare system cannot be far behind...