Keiretsu relationships in Global Commerce Policy
In this regard, keiretsu relationships is: a term denoting complex traditional Japanese distribution systems and industrial conglomerate arrangements seen to make it difficult for newcomers to compete on price. Historically, keiretsu relationships appear to have been based on a desire by firms for continuity of supplies and orders. Today keiretsu relationships are seen by United States exporters in particular as major non-tariff measures or restrictive business practices. Japanese commentators tend to argue that their power is overrated, and that the relationships generally are not strong enough to negate price signals. Some distinguish between horizontal keiretsus (arrangements between firms in several sectors) and vertical keiretsus (arrangements between firms at different production and distribution stages in the same sector). See also Market-Oriented Specific Sector talks and Structural Impediments Initiative.
Keiretsu relationshipsin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Notes and References
- Dictionary of Trade Policy, “Keiretsu relationships” entry (OAS)