Trade Agreements Act Compliant In Wake
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What is TAA Compliance? TAA compliance is important for businesses that want to sell their products to the U.S. government. It ensures that their products are eligible for government contracts. This means that a product must be made in the United States or a designated country to be TAA Compliant.
Eligibility for Government Contracts: Compliance with the Trade Agreements Act (TAA) is a requirement for companies seeking to do business with the United States Government. By being TAA compliant, a company becomes eligible to bid on and win government contracts, which can be a significant source of revenue.
For TAA compliance, a product must either be made in the United States or a designated country, or it must have undergone a significant change in form, fit, or function in one of these countries.
TAA Compliance refers to products that meet the requirements of the United States Trade Agreements Act (TAA) of 1979. This Act governs products listed on the General Services Administration (GSA) Schedule, ensuring they are manufactured or substantially transformed in the United States or a designated TAA country.
TAA-compliant products must either be wholly manufactured in the U.S. or a designated country or substantially transformed in the U.S. or designated country.
Exceptions exist; the TAA does not apply to the following: Acquisitions set aside for small businesses. Acquisitions of arms, ammunition, or war materials, or purchases indispensable for national security or for national defense purposes. Acquisitions of end products for resale.
