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Validated Export License
Categories:
  • Term/Acronym
  • U.S. Export-Related
  • National Security
A U.S. document issued by BIS that authorizes export of commodities for which written authorization is required by law.

Bureau of Industry & Security (BIS), USDOC

   

VAT
Categories:
  • Term/Acronym
  • Foreign Import-Related
Value Added Tax (VAT) -- an indirect tax on consumption that is assessed on the increased value of goods at each discrete point in the chain of production and distribution, from the raw material stage to final consumption. The tax on processors or merchants is levied on the amount by which they increase the value of items they purchase and resell.



   

Vehicle Importation Regulations
Categories:
  • Term/Acronym
  • Law/Act/Regulation
  • U.S. Import-Related
  • Product-Specific
  • Standard (Technical/Health/Safety)
U.S. regulations governing imports of motor vehicles

National Highway Traffic Safety Administration (NHTSA)

   

VER
Categories:
  • Term/Acronym
  • U.S. Import-Related
A 'voluntary' export restraint (VER) or 'voluntary' export restriction is a government imposed limit on the quantity of goods that can be exported out of a country during a specified period of time. Usually the importing country coerces the exporter into a 'voluntary' restraint agreement, and the word voluntary is in quotes to indicate it's not truly voluntary. Typically VERs arise when the import-competing industries seek protection from a surge of imports from particular exporting countries. VERs are then offered by the exporter to appease the importing country and to deter the other party from imposing even more explicit (and less flexible) trade barriers. VERs are rarely completely voluntary. They represent a Beggar thy neighbour policy that seeks to shift economic activity (or preserve it) for the importing country, and has the effect of increasing costs for consumers there. Also, VERs are typically implemented on a bilateral basis, that is, on exports from one exporter to one importing country.



   

VISEGRAD
Categories:
  • Term/Acronym
  • Organization/Agency/Entity
  • Multilateral/International
  • Country/Regional
The Visegrad Group (also known as the 'Visegrad Four' or simply 'V4') reflects the efforts of the countries of the Central European region to work together in a number of fields of common interest within the all-European integration. The Czech Republic, Hungary, Poland and Slovakia have always been part of a single civilization sharing cultural and intellectual values and common roots in diverse religious traditions, which they wish to preserve and further strengthen.



   

VSIE
Categories:
  • Term/Acronym
  • U.S. Export-Related
  • Compliance System/Process
VSIE - Vessel Supplies for immediate Exportation: Allows equipment and supplies arriving at one port to be loaded on a vessel, aircraft, etc., for its exclusive use and to be exported from the same port.



   


 
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