Voluntary Export Restraints (VERs):

Name: Voluntary Export Restraints (VERs):
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A) VERs are not illegal under WTO rules, but they are not encouraged as they go against the principles of free trade. 
B) VERs have the same effect as import quotas as they both limit the amount of imports that can enter a country. 
C) VERs do violate the spirit of international trade agreements as they create an artificial constraint on trade and can distort markets. Therefore, all of the above are true.