A voluntary export restraint is a trade policy by which a nation agrees to limit its:

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A voluntary export restraint is a policy in which a nation voluntarily agrees to limit its exports of a certain good in order to avoid more restrictive trade policies, such as tariffs or quotas, that could be imposed by another nation. This is often done in response to pressure from the importing country, and can be seen as a way of maintaining good trade relations while still protecting domestic industries.

A Voluntary Export Restraint Is a Trade Policy by Which