A voluntary export restraint refers to a quota that a nation imposes on its exports,usually at the request of another nation.

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A voluntary export restraint (VER) is a trade restriction that a country imposes on its own exports at the request of another country, usually to avoid more stringent restrictions or tariffs that could be imposed by the importing country. VERs are also known as voluntary export restrictions, export visas, and orderly marketing arrangements.

A Voluntary Export Restraint Refers to a Quota That a Nation