Trade Policy Instruments in the Modern World

Trade Policy Instruments in the Modern World

Voluntary Export Restraint

Anela Šemić

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Trade Policy Instruments in the Modern World Contents

1 2 Introduction ............................................................................................................................. 2 Theory of Voluntary Export Restraint...................................................................................... 3 2.1 2.2 2.3 3 4 5 6 Why importers ask for imposing voluntary export restraint ........................................... 4 Why exporters accept to impose VER .............................................................................. 4 Who is the biggest loser from imposing VER ................................................................... 4

The Case of Automobile Industry ............................................................................................ 7 The Case of Footwear .............................................................................................................. 9 Conclusion of this topic ......................................................................................................... 14 Bibliography ........................................................................................................................... 15

Table of Figures Figure 1 ........................................................................................................................................... 3 Figure 2 ........................................................................................................................................... 5

Picture 1…………………………………………………………………………………………………………………………………….9 Picture 2…………………………………………………………………………………………………………………………………..10

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Trade Policy Instruments in the Modern World 1 Introduction

What is voluntary export restraint? Why importers ask for imposing voluntary export restraint? Why exporters accept to impose VER? Who is the biggest loser from...