Cerqueira government proposes industry job protection bill
Known as the Iniciativa de Defesa Agricultura/Tecnologia/Automotivo or IDATA for short, it will ban offshoring to specific countries and more
Carlos Araujo (@Carlos11) | 23 November 2022 | Precea
Premier Cerqueira announcing the proposal
Precea, Paretia: Today the Cerqueira government announced the Iniciativa de Defesa Agricultura/ Tecnologia/ Automotivo proposal, or IDATA for short. It is a bill focused on protectionist policy and combating Paretian companies from offshoring to other countries. The bill was proposed by the Cerqueira government before the Senate of Paretia.
The bill has three different parts to it, mostly dealing with trade, and protection of Paretian jobs from foreign elements. Some countries that Paretia has trade deals with are exceptions.
These bills pertain to the agricultural, tech, and automotive industry. The first part of the proposal will deal with offshoring, the bill will ban Paretian companies from offshoring to countries Paretia is not in trade deals or treaties with. This would mostly target Asterian or Coian nations that Paretia is not currently in deals with. Countries that are exceptions of course include the Euclean Community. The bill is likely meant to target Shangea and Zorasan and other Coian nations.
The next part of the bill is a requirement for foreign companies coming to Paretia, it would require these companies to to get approval from Paretia's trade administration. Companies already in Paretia do not have to do so, but in the future new companies will have to meet with the administration and get approval by the government.
Exceptions from both of these parts of the bills include countries Paretia has trade agreements with, and some other exceptions, including countries like Senria and Ardesia. This would include members of the Euclean Community being exceptions to the bill. Countries that the bill targets include countries that Paretia does not have trade agreements with, mostly Coian countries.
Cerqueira stated during her proposal announcement: "To protect our workers from being betrayed the practice of offshoring, we will make sure that our businesses stay within our country. We will also make sure that foreign companies much be approved in the future in the agriculture, automotive, and technology industries. They must make sure they will not exploit our people before they invest in them. Paretia first."
The proposal is expected to pass the Senate of Paretia. Popular Victory hopes that some opposition members will cross the aisle and vote for the bill. The Popular Victory government also has stated plans for more protectionist policy before the Nativity holiday.
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