„Webb-Pomerene Association“

What does Webb-Pomerene Association stand for?

(USA) Associations engaged in exporting that handle the products of similar producers for overseas sales. These associations have partial exemption from U.S. anti-trust laws but the associations may not engage in import, domestic or third country trade, or combine to export services.

Source:

Carbaugh, R. J. (2013). International Economics. 14th ed. South-Western: Cengage Learning.

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