A voluntary export agreement

Question

Quizplus · Accepted Answer

Voluntary export agreements are not necessarily limited to the world's most important exporting nations. They can be negotiated between any countries, depending on their trade relationships and strategic interests. These agreements are not inherently more restrictive than tariffs or quotas; their impact depends on the specific terms agreed upon. They also do not specifically allow only producers with superior products to participate in markets; rather, they are broader agreements that can affect a range of products and industries.

A Voluntary Export Agreement