Voluntary export restraints are common in the agricultural industry when an agreement is made between the importing and exporting countries for a restriction on the volume of exports.

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Voluntary export restraints (VERs) are indeed used in various industries, including agriculture, where an exporting country agrees to limit the quantity of goods exported to an importing country to avoid the imposition of formal trade barriers or tariffs. This practice can help manage trade relations and protect domestic industries in the importing country.

Voluntary Export Restraints Are Common in the Agricultural Industry When