Structural Impediments Initiative
Structural Impediments Initiative: SII. A 1989 United States initiative aimed at opening the Japanese market to American firms. It was based on the proposition that the removal of traditional barriers to trade was not enough, and that meaningful changes had to be brought about through changes to Japanese domestic policies and practices. Japanese market and distribution systems were a target, as was the relationship between government and business. Few now would claim that the SII had been a success, possibly because the target was not understood well enough. See also Market-Oriented Specific-Sector talks, keiretsu and United States-Japan Framework for a New Economic Partnership.
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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