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Bilateral Voluntary Export Restraints, or VERs, Circumvented GATT Agreements Because

Question 62

Multiple Choice

Bilateral voluntary export restraints, or VERs, circumvented GATT agreements because


A) these nations withdrew their membership to the GATT.
B) the member nations had ceased to recognize GATT as a regulatory body for international trade.
C) VERs were not a recognized trade barrier under the GATT constitution.
D) neither the importing country nor the exporting country complained to the GATT bureaucracy for it to take action.
E) member nations erected a wall of tariff barriers.

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