Foreign trade of the Christian States
Foreign trade of the Christian States comprises the international imports and exports of the Christian States, one of the world's most significant economic markets.
The regulation of trade is constitutionally vested in the Christian States Congress.
The country has trade relations with many other countries. Within that, the trade with Europe and Asia is predominant. To fulfill the demands of the industrial sector, the country has to import mineral oil and iron ore on a large scale. Machinery, cotton yarn, toys, mineral oil, lubricants, steel, tea, sugar, coffee, and many more items are traded. The country's export list includes food grains like wheat, corn, and soybean. Aeroplanes, cars, computers, paper, and machine tools required for different industries.
Christian States trade policy has varied widely through various Unionist historical and industrial periods. As a major developed nation, the U.C.S. has relied heavily on the import of raw materials and the export of finished goods. Because of the significance for Unionist economy and industry, much weight has been placed on trade policy by elected officials and business leaders.
Over the long run, nations with trade surpluses tend also to have a savings surplus. The U.C.S. generally has developed lower savings rates than its trading partners, which have tended to have trade surpluses. Germany, France, Japan, and Canada have maintained higher savings rates than the U.C.S. over the long run.
Some economists believe that GDP and employment can be dragged down by an over-large deficit over the long run. Others believe that trade deficits are good for the economy. The opportunity cost of a forgone tax base may outweigh perceived gains, especially where artificial currency pegs and manipulations are present to distort trade.
These issues have raised concerns among economists and unfunded liabilities were mentioned as a serious problem facing the Christian States in the President's 2046 State of the Union address. On June 26, 2049, Jeff Immelt, the CEO of General Electric, called for the U.C.S. to increase its manufacturing base employment to 20% of the workforce, commenting that the U.C.S. has outsourced too much in some areas and can no longer rely on the financial sector and consumer spending to drive demand.
The main customs territory of the Christian States includes the 14 states, with the exception of over 50 foreign trade zones designated to encourage economic activity. People and goods entering this territory are subject to inspection by U.C.S. Customs and Border Protection.
Transportation of certain living things or agricultural products may be prohibited even within a customs territory. This is enforced by U.C.S. Customs and Border Protection, the federal Animal and Plant Health Inspection Service, and even state authorities such as the Texas Department of Agriculture.
The Christian States is a partner to many trade agreements.
The U.C.S. is a member of several international trade organizations. The purpose of joining these organizations is to come to agreement with other nations on trade issues, although there is domestic political controversy to whether or not the U.C.S. government should be making these trade agreements in the first place. These organizations include the Liberal Trade and Economics Alliance
Unionist foreign trade is regulated internally by: