Where the U.S. buys 70% of the dimaonds in the world, what is the Clean Diamond Trade Act (CDTA) attempting to do?
The USA imports around 70% of diamonds from India.
Source: http://www.worldstopexports.com/diamond-imports-by-country/
Clean Diamond Trade Act (CDTA)
The Clean Diamond Trade Act (CDTA) is an Act signed by President George W. Bush in 2003 to implement the Kimberley Process Certification Scheme (KPCS). The certification process was designed to regulate the commercial sale of diamonds. The act mandates a Kimberley Process Certificate for all diamond imported to and exported from the United States. The main objective was to prohibit the import of diamonds from the countries in which diamond mining results in social conflict.
Where the U.S. buys 70% of the dimaonds in the world, what is the Clean Diamond...
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hellp pleaaaaaasssseeeeeeeeee One of the roles of the World Trade Organization is to act as the policeman for international trade agreements. When one country feels aggrieved by the actions of another, it is often to the World Trade Organization that they turn for redress. One such example is the case that the US has bought against China in regard to the restrictions that China placed on imported films, music, and books. China remains one of the least profitable markets for...
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