Webb-Pomerene Act of 1918

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Webb-Pomerene Act of 1918

Legislation in the United States that exempts associations of exporters from the provisions of the Sherman Antitrust Act. That is, it allows exporters to 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. These exporters may not combine services; that is, they may only collude to export similar products.
References in periodicals archive ?
Even the United States--the paragon of strict antitrust policy--allows cartelization for export purposes under the Webb-Pomerene Act (GAO, 1973).
Clarifying Webb-Pomerene Act Needed to Help Increase U.
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.
In 1945 the Motion Picture Export Association was set up under the Webb-Pomerene Act 'to operate as a legal cartel representing the American industry overseas', in the words of Thomas Guback, the leading authority on the international functioning of Hollywood post-1945.
The article also attempts to place the experience of the ETCs in the context of the much longer history of the Webb-Pomerene Act.
subsection] 4011-21, and the Webb-Pomerene Act, 15 U.
The 1918 Export Trade Act, more commonly known as the Webb-Pomerene Act, permits firms in any commodity-producing industry to form