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The article offers insights in European trade policy. The author first describes the educational and agricultural policy in the region, then suggests ways on how to improve it. He, then, enumerates the benefits of free international trade and the effects of voluntary export restrictions in the European community. Moreover, he briefly reviews the dumping and unfair trade practices in the region, then enumerates the reasons why both industries and governments find anti-dumping policies a more efficient way to grant protection, compared to explicitly protectionist policies like the emergency provisions of the General Agreement on Tariffs and Trade.

Analyzes the effects of an expected future voluntary export restraint (VER) on the level of firms' exports to a market. Dependence of exports increase on the degree of collusion in the exporting industry; Anticipated restrictiveness of the VER; Likelihood of exporters' curtailing their exports with VER; Response of European Community to surveillance.

We examine export performance in the transition economies of Europe and central Asia. We conclude that early success in exporting required the simultaneous pursuit of stabilization and liberalization. Neither liberalizing the foreign trade regime alone nor drastic devaluations of domestic currencies will improve trade performance unless domestic prices are decontrolled, inflationary expectations lowered, and administrative controls over the economy relaxed. Within the foreign trade regime, removing export controls appears a more immediate priority than relaxing import controls: export controls induce undervaluation and high levels of protection that insulate domestic producers and consumers from international markets. [ABSTRACT FROM AUTHOR]