Webb-Pomerene Association(redirected from Webb Pomerene Association)
An association of exporters exempt from some of the provisions of the Sherman Antitrust Act. That is, a Webb-Pomerene Association may engage in acts that otherwise might be considered collusion in order to promote American trade abroad. However, they may not engage in importation or sales within the United States. They may not combine services; that is, they may only collude to export similar products. They derive their name from the Webb-Pomerene Act of 1918, which authorized their creation.