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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.
On 22 December 1986, the Council of Ministers adopted four Regulations which lay the foundations for most of EC shipping law. In the 1990s and 2000s so far, the law has developed in various areas including competition and anti-trust law but also in the areas as safety, the environment, ports and employment.
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.
An EEI is generally required when any one commodity on a given shipment exceeds in value. There are four conditions that necessitate filing an EEI regardless of value: a) if the export destination is Cuba, Iran, North Korea, Sudan, or Syria; b) if the shipment requires an export license or permit; c) if it is subject to the International Traffic in Arms Regulations; or d) if it contains rough ...
China’s Ministry of Commerce said Thursday the country told the U.S. and Europe about this week’s export controls in advance.
Many observers, including those in the chip industry, warn that placing further restrictions on U.S. exports could ultimately drive customers in some second-tier countries into the arms of China ...