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.
Correct Answer:
Verified
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