Managed trade
Managed trade: a type of international trade in which some sectors or products are not traded according to the demands of market forces. Means for this include voluntary restraint arrangements, orderly marketing arrangements, quantitative restrictions and other non- tariff measures. The aim of managed trade in these cases always is to protect domestic industry for one reason or another. More modern versions of managed trade seek not to restrict access, but to increase exports through numerical targets, usually at the expense of third-country exporters. Some commentators also consider trade between units of multinational enterprises as managed trade. See also fair trade, grey-area measures, Multi-Fibre Arrangement and voluntary import expansion.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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