In order to avoid the imposition of other types of trade barriers, foreign producers will sometimes agree to voluntary export restraints.With voluntary export restraints, foreign producers

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With voluntary export restraints, foreign producers agree to limit their exports to a country, thereby avoiding the imposition of other types of trade barriers such as tariffs or quotas. This is often seen as a compromise between the importing country's desire to protect its domestic industries and the exporting country's desire to maintain access to the importing country's market.

In Order to Avoid the Imposition of Other Types of Trade