Search results
Results from the WOW.Com Content Network
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]
Export restrictions, or a restriction on exportation, are limitations on the quantity of goods exported to a specific country or countries by a Government. Export restrictions could be aimed at achieving diverse policy objectives such as environmental protection, economic welfare, social wellbeing, conversion of natural resources, and controlling inflationary pressures.
This category includes global quotas with respect to specific countries, seasonal quotas, and so-called "voluntary export restraints". Quantitative controls on foreign trade transactions are carried out through one-time license. Quantitative restrictions on imports and exports are direct administrative forms of government regulation of foreign ...
The move is one element of the latest round of sanctions and export controls by the United States, partners and allies in response to Russia's ongoing war in Ukraine, which began on Feb. 24, 2022.
National firms often lobby their own governments to enact regulations that are designed to keep out foreign firms, and modern trade deals are one way to do away with such regulations. [7] The barriers can take many forms, including the following: Tariffs; Non-tariff barriers to trade include: Import licenses; Export control / licenses; Import ...
Prior to 1939, there were no records of restrictions on the import of cotton textiles. However, following the Second World War, limitations on cotton textiles imports were first imposed through voluntary export restraints. Both the United States and United Kingdom adopted this approach.
ASML, the largest supplier of equipment to computer chip makers, said on Wednesday that geopolitical tensions and any expansion of a U.S.-led campaign to restrict its exports to China remain ...
The Export Administration Regulations (EAR) are a set of United States export guidelines and prohibitions. They are administered by the Bureau of Industry and Security , which regulates the export restrictions of sensitive goods. [ 1 ]