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Concept information

Preferred term

voluntary export restraints  

Definition(s)

  • A voluntary export restraint (VER) is a limit placed on exports by the exporting country, usually imposed because of political pressure from one or more importing trading partners. VERs are typically industry-specific, with prominent examples having been implemented by Japan in the automobile industry and by several Asian countries in the textile industry. [Source: Encyclopedia of Business in Today's World; Voluntary Export Restraints]

Broader concept(s)

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-X63HL8T3-V

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