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Two ITC Commissioners proposed a quantitative restriction for a three-year period on imports of pedestal, actuators from China, with the restriction to be increased by 15% in each remaining year that the remedy is in effect. The aim of the present study is to extend the existing literature by examining the effects of a quantitative restriction to trade in the presence of a cost-based informational asymmetry within a standard two-period entry model. The broad definition of NTMs includes certain para-tariff measures, import deposits and surcharges, variable levies, anti-dumping/countervailing duty actions (including investigations, duties, and undertakings), quantitative restrictions (including quotas/prohibitions, restraints under the Multi-Fibre Arrangement (MFA), non-automatic licenses, voluntary export restraints, state monopolies), import surveillance, automatic licenses, and certain price control measures. |
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