In the past, Canada has agreed to set an upper limit on the total amount of softwood lumber sold to the United States. This is an example of a(n)

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The voluntary export restriction (VER) is a bilateral agreement between Canada and the United States which limits the total amount of softwood lumber Canada can export to the United States. It is a self-imposed limit and not a government-imposed trade barrier, and it is negotiated to avoid the imposition of import restrictions, such as tariffs, on Canadian softwood lumber sold in the United States.

In the Past, Canada Has Agreed to Set an Upper