Monday, February 14, 2011

Globalization Makes Love Cheaper

By Rebekah Rast

Chocolates and flowers are perfect complements to each other any day of the year, but today many see them as a requirement.
This isn’t just true in America. People all over the world love chocolate and flowers. These two items are in such high demand worldwide that much of the selection you see today was imported into the U.S. — giving you the opportunity to choose between myriad types of flowers and a multitude of flavorful chocolates to wow your special someone.
The Heritage Foundation found that Americans saved more than $16 million on roses last year thanks to U.S. trade policy toward Colombia. “Under the Andean Trade Preference Act (ATPA), many products from Colombia are exempt from U.S. import tariffs. Colombia is the biggest supplier of cut flowers to U.S. consumers, and the ATPA exempts Colombian roses from the 6.8 percent U.S. tariff. This import-tax cut saved American rose buyers $16.6 million last year,” the Heritage article explained.

Without this trade agreement it’s probably safe to say that many women would be disappointed to find that they would not receive their annual bouquet due to the much higher cost of a dozen long-stemmed roses.
Get full story here.

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