Which of the following 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?
A)orderly market arrangements
B)nontariff barriers
C)export quotas
D)voluntary export restrictions

Question

Quizplus · Accepted Answer

Voluntary export restrictions (VERs) are agreements where exporting countries agree to limit the quantity of goods exported to a particular country to prevent that country from imposing stricter import quotas or tariffs. These are often used in international trade to resolve trade disputes or protect domestic industries without resorting to more severe trade barriers.

Which of the Following Are Agreements in Which Exporting Countries