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Regional value content (RVC) refers to the percentage of a product's value that originates from a specific geographic region, often used in trade agreements to determine whether goods qualify for preferential tariff treatment. It helps assess the local economic contribution of a product by considering the cost of materials, labor, and production that occur within a defined area. RVC is crucial in promoting local industries and ensuring that trade benefits are directed to domestic economies.

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1mo ago

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When a coin has a value because of the amount of metal content it is said to have a value known as?

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