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The Export Control Act of 1940 was one in a series of legislative efforts by the US government and initially the administration of President Franklin D. Roosevelt to accomplish two tasks: to avoid scarcity of critical commodities in a likely prewar environment [1] and to limit the exportation of materiel to Imperial Japan.
A significant piece of legislation was the Export Control Act of 1940 which inter alia aimed to restrict shipments of material to pre-war Japan. In the United Kingdom, the Import, Export and Customs Power (Defence) Act of 1939 was the main legislation prior to World War II. [3]
Part of the Japanese plan for the attack included breaking off negotiations with the United States 30 minutes before the attack began. Diplomats from the Japanese embassy in Washington, D.C., including the Japanese ambassador, Admiral KichisaburÅ Nomura and Special Representative SaburÅ Kurusu, had been conducting extended talks with the U.S. State Department regarding reactions to the ...
On July 26, 1940, the U.S. government passed the Export Control Act, cutting oil, iron and steel exports to Japan. [65] This containment policy was seen by Washington as a warning to Japan that any further military expansion would result in further sanctions.
Wako created a false export permit application claiming it was exporting a large vertical lathe for control. For proof, they provided a signed contract to reassemble it overseas. The Japanese Ministry of International Trade and Industry, in charge of export control, did not see through the falsification of the permit application.
On 26 July 1940, the United States had passed the Export Control Act, cutting oil, iron and steel exports to Japan. [38] This containment policy was Washington's warning to Japan that any further military expansion would result in further sanctions.
A voluntary export restraint (VER) or voluntary export restriction is a measure by which the government or an industry in the importing country arranges with the government or the competing industry in the exporting country for a restriction on the volume of the latter's exports of one or more products. [1]
The mission stipulated in Article 3 of the Act for the Establishment of the Ministry of Economy, Trade and Industry (Act No. 99 of 1999) is to "enhance the economic vitality of the private sector and develop economic and industrial development centered on the smooth development of foreign economic relations, as well as the stable and efficient development of mineral and energy resources."