The practical difference between a quota and a VER is the name.

Name: The practical difference between a quota and a VER is the name.
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A quota is a government-imposed limit on the quantity of a good that can be imported or exported. A VER (voluntary export restraint) is an agreement between two countries in which the exporting country agrees to limit its exports to the importing country. The practical difference between the two is that a quota is mandatory, while a VER is voluntary.

The Practical Difference Between a Quota and a VER Is