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Although the production of one of Mongolia's most valuable goods — raw cashmere — increased, the domestic processing industry didn't keep pace, and most Mongolian cashmere is now finished overseas.
MasterCard's domestic processing business was hurt by the loss of the debit-processing business of four large banks in the last two years.
This means that the effective rate of protection of the domestic processing activity the ratio of $14 to $40 would be 35 percent.
Indonesia has already imposed similar duties on exports of palm oil and cocoa beans, reducing exports of both and driving investment in domestic processing over the past year to produce higher-value products like margarine and chocolate.
— Jeff Gordinier The Associated Press: That controversial horse slaughterhouse in Albuquerque, the first such domestic processing plant to open in the United States in six years, is ready to begin operations unless Congress intervenes.
For natural resource-intensive manufactured exports from countries well-endowed in such resources, it is a matter of deepening the domestic processing of those resources.
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With the new rules, which take effect Sunday, Jakarta hopes to increase investment in domestic ore processing to increase exports of higher-value finished metals.
Mr. Thompson said that if Congress approved the additional financing, the government would add 200 import inspectors, 110 domestic food processing plant inspectors and 100 inspectors to work in laboratories.
If Visa and MasterCard choose to join the NPCS, they would not have any role in domestic transaction processing, but the bank-issued NPCS cards could be "co-branded" with Visa or MasterCard.
To make matters worse, one of his allies in Congress recently suggested higher levies on raw soy exports (to encourage domestic soy processing, he said), and the proposal this month of a controversial new land tax has prompted soy producers to stop planting.
It differentiates input structures concerning production for domestic use, processing exports, and normal exports, facilitating the study of China's exported DVA.
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