price undertaking

Briefly, the package consists of the following measures: minimum price undertakings.

These consist mainly of individual price undertakings from 190 Norwegian exporters.

Critics of protectionist steel trade policies attribute the cause of this lack of competitiveness to American steel producers like Bethlehem having been shielded from foreign competition by quotas, voluntary export restraints, minimum price undertakings, and antidumping and countervailing duty measures which were in effect for the three decades preceding Bethlehem Steel's collapse.