Export Trading Company Act of 1982

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Export Trading Company Act of 1982

Legislation in the United States that eased the ability for persons to form trade associations and other groups for exporters. The Act was intended to increase American exports.
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Senate Finance Committee Chairman Chuck Grassley (R-Iowa) has urged the Antitrust Modernization Commission not to recommend repealing the Export Trading Company Act, which provides a limited antitrust exemption for exporter associations.
NCFC has also joined the Joint Export Trade Alliance in support of the Export Trading Company Act and the Webb-Pomerene Act, two other provisions singled out by the Commission for study.
Congress used to enact the Export Trading Company Act of 1982.
In 1982, the USA passed the Export Trading Company Act to home grow its own sogo shoshas; to date the Act has been ineffective -- yet the need remains.
Later, Congress passed The Export Trading Company Act of 1982 to facilitate the formation of export intermediaries and to promote and stimulate export trade for the USA.
The Export Trading Company Act gave them the opportunity to join together with other firms, without the fear of breaking antitrust laws, and form trading companies and enjoy the economies of scale to export their products.
Export Trading Companies are enterprises--often groups of firms--that obtain limited antitrust immunity under the Export Trading Company Act of 1982.
The Export Trading Company Act of 1982 grants, to certified organizations, immunity from federal antitrust challenge for conduct that is specified in a certificate issued by the U.
When the Export Trading Company Act was passed in October 1982, exporting for entrepreneurs assumed a new meaning.
section] 813, the Export Trading Company Act, 15 U.
ETCs did get off to a slow start: during the first 5 years of the Export Trading Company Act of 1982, ETCs accounted for a total of just over $500 million of U.
Several of the various provisions of the Export Trading Company Act of 1982 depart from the Webb-Pomerene Act in ways that threaten to tilt U.