Voluntary Export Restraints / Research Papers / ID: 799787

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ID number:799787

Author: saule (3)

Evaluation:

Published: 31.01.2007.

Language: English

Level: College/University

Literature: 5 units

References: Used

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Table of contents

Nr.	Chapter	Page.
	INTRODUCTION	3
	VOLUNTARY EXPORT RESTRAINTS	4
	THE RENT	5
	THE POLITICAL ECONOMY OF VOLUNTARY EXPORT RESTRAINTS	7
	HISTORICAL BACKGROUND	9
	MAJOR CASES OF USE OF VOLUNTARY EXPORT RESTRAINT	10
	TEXTILES	10
	STEEL	11
	AUTOMOBILES	11
	THE MOST FAMOUS VER – THE MULTIFIBRE AGREEMENT	12
	CONCLUSIONS	13
	BIBLIOGRAPHY	16

Extract

The world is moving forward the free trade and different institutions are being formed to promote this movement. Liberal trade was the reason why GATT and later WTO were founded. This organization looks after member countries, punishing them for illegitimate actions such as disobedience to general rules of trade. This is one of the reasons why voluntary export restraints or VERs are becoming more and more popular. As tariffs and quotas are forbidden as measures of protectionism, VERs take their place as indirect way to protect the importing countries domestic producers and immature industries.
As the main aim of this essay the author has defined the study of the theory available on voluntary export restraints. The author also proposes an assumption that voluntary export restraints are not ‘voluntary’ at all. The third aim is to estimate which of the participants of this market benefits in case of implementation of voluntary export restraints and who loses because of them.
The author presents basic theory considering VERs, as well as historical development and some major cases of implementation of VERs. …

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Forex Trade
Research Papers6 Economics, Finance, Banking
Latvia Foreign Trade by Groups of Commodities and Countries
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Voluntary Export Restraints
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Voluntary Export Restraints