Trade Policy Instruments in the Modern World
Trade Policy Instruments in the Modern World
Voluntary Export Restraint
Anela Šemić
13
Trade Policy Instruments in the Modern World
Contents
1
Introduction ............................................................................................................................. 2
2
Theory of Voluntary Export Restraint...................................................................................... 3
2.1
Why importers ask for imposing voluntary export restraint ........................................... 4
2.2
Why exporters accept to impose VER .............................................................................. 4
2.3
Who is the biggest loser from imposing VER ................................................................... 4
3
The Case of Automobile Industry ............................................................................................ 7
4
The Case of Footwear .............................................................................................................. 9
5
Conclusion of this topic ......................................................................................................... 14
6
Bibliography ........................................................................................................................... 15
Table of Figures
Figure 1 ........................................................................................................................................... 3
Figure 2 ........................................................................................................................................... 5
Picture 1…………………………………………………………………………………………………………………………………….9
Picture 2…………………………………………………………………………………………………………………………………..10
1
Trade Policy Instruments in the Modern World
1 Introduction
What is voluntary export restraint? Why importers ask for imposing voluntary export restraint? Why exporters
Voluntary Export Restraint
Anela Šemić
13
Trade Policy Instruments in the Modern World
Contents
1
Introduction ............................................................................................................................. 2
2
Theory of Voluntary Export Restraint...................................................................................... 3
2.1
Why importers ask for imposing voluntary export restraint ........................................... 4
2.2
Why exporters accept to impose VER .............................................................................. 4
2.3
Who is the biggest loser from imposing VER ................................................................... 4
3
The Case of Automobile Industry ............................................................................................ 7
4
The Case of Footwear .............................................................................................................. 9
5
Conclusion of this topic ......................................................................................................... 14
6
Bibliography ........................................................................................................................... 15
Table of Figures
Figure 1 ........................................................................................................................................... 3
Figure 2 ........................................................................................................................................... 5
Picture 1…………………………………………………………………………………………………………………………………….9
Picture 2…………………………………………………………………………………………………………………………………..10
1
Trade Policy Instruments in the Modern World
1 Introduction
What is voluntary export restraint? Why importers ask for imposing voluntary export restraint? Why exporters
Bibliography: “International Economics Theory and Policy” – Paul R. Krugman, Maurice Obstfeld, Mar J. Melitz “Global Economics” – Robert J. Carbaugh “International Economics” – Dominick Salvatore “International Economics” – Peter H. Lindert, Thomas A. Pugel “The Japanese Economy” – Ito Takatoshi 15