Export restriction
Encyclopedia
Export restrictions, or a restriction on exportation, are limitations on the quantity of goods export
ed to a specific country or countries by a government.
An export restriction may be imposed:
Export restrictions from USA are specified by Bureau of Industry and Security
Export
The term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer"...
ed to a specific country or countries by a government.
An export restriction may be imposed:
- To prevent a shortage of goods in the domestic market because it is more profitable to export
- To manage the effect on the domestic market of the importing country, which may otherwise impose antidumping dutiesDumping (pricing policy)In economics, "dumping" is any kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market, or in quantities that cannot be explained through normal market...
on the imported goods - As part of foreign policyForeign policyA country's foreign policy, also called the foreign relations policy, consists of self-interest strategies chosen by the state to safeguard its national interests and to achieve its goals within international relations milieu. The approaches are strategically employed to interact with other countries...
, for example as a component of trade sanctions - To limit or restrict arms or dual-use items that may be used in proliferation, terrorism, or nuclear, chemical, or biological warfare.
- To limit or restrict trade to embargoed nations.
Export restrictions from USA are specified by Bureau of Industry and Security
Bureau of Industry and Security
The Bureau of Industry and Security is an agency of the United States Department of Commerce which deals with issues involving national security and high technology. A principal goal for the bureau is helping stop proliferation of weapons of mass destruction, while furthering the growth of United...