An agreement to reduce the volume of trade in a specific good is

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A voluntary restraint agreement is an agreement between two countries to reduce the volume of trade in a specific good. It is voluntary because it is not imposed by one country on the other, but rather agreed upon by both parties. A quota is a limit on the quantity of a good that can be imported or exported, while an embargo is a complete ban on trade with a particular country.

An Agreement to Reduce the Volume of Trade in a Specific