_____ is one of the ways in which countries can circumvent GATT regulations and is best exemplified by the agreement between Japan and America under which Japanese producers promised to limit their auto imports into the United States.

Question

Quizplus · Accepted Answer

Voluntary export restraint is a way in which countries can bypass GATT regulations by agreeing to limit their exports voluntarily. The example given in the question of Japan and America's agreement on auto imports is a prime illustration of this practice.

_____ Is One of the Ways in Which Countries Can