Question

Chapter 15 case 15.1 (export-import theory) export trade certificate of review.

ITA-Trade certificate of Review (2010): http://www.trade.gov/mas/ian/etca/ind ex.asp Case 15.1 Export Trade Certificate of Review Joint Export Activities to Reduce Costs and Risks Export Trade Certificates of Reviews (COR) are issued by the Department of Com merce (with the concurrence of the Department of Justice) and provide antite protection for certain specified export activities. Companies holding certificates can work together in the appointment of exclusive agents or distributors, the set- ting of limitations on pricing, or the handling of competitive products. The benefits of COR include a reduction in transportation, warehousing, and marketing costs t also allows firms to establish joint facilities, set common prices, divide markets and sales territories, bid on large contracts, and share space in overseas trade shows. Small and medium-size companies are able to spread costs and minimize risks in exporting without violating U.S. antitrust legislation. Congress viewed the uncertain application of U.S. laws to export activities as impediments to the growth and expansion of U.S. exports. The certificate provides antitrust preclear- ance for the specified export activities.