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November 1981

The Voluntary Automobile Import Agreement with Japan—More Protectionism

by Clifton B. Luttrell

The signing of ‘‘voluntary’’ agreements to reduce imports has made considerable headway in recent years. The recent accord to limit automobile imports from Japan is an example of such an agreement. Shipments of Japanese automobiles to the United States in the first year following the agreement (April 1981 through March 1982) are to be held to 1,680,000 cars, compared with 1,820,000 in 1980, an 8 percent reduction.