Voluntary export restrictions are agreements in which exporting countries agree to restrict shipments of a particular product to a country to deter it from imposing an even more onerous import quota.

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Voluntary export restrictions are self-imposed limits by exporting countries on the quantity of goods exported to another country, often to avoid stricter trade barriers like quotas or tariffs that the importing country might impose.

Voluntary Export Restrictions Are Agreements in Which Exporting Countries Agree