Voluntary Export Restraints
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High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! A "voluntary" export restraint (VER) or "voluntary" export restriction is a government imposed limit on the quantity of goods that can be exported out of a country during a specified period of time. Usually the importing country coerces the exporter into a "voluntary" restraint agreement, and the word voluntary is in quotes to indicate it's not truly voluntary.Typically VERs arise when the import-competing industries seek protection from a surge of imports from particular exporting countries. VERs are then…mehr

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High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! A "voluntary" export restraint (VER) or "voluntary" export restriction is a government imposed limit on the quantity of goods that can be exported out of a country during a specified period of time. Usually the importing country coerces the exporter into a "voluntary" restraint agreement, and the word voluntary is in quotes to indicate it's not truly voluntary.Typically VERs arise when the import-competing industries seek protection from a surge of imports from particular exporting countries. VERs are then offered by the exporter to appease the importing country and to deter the other party from imposing even more explicit (and less flexible) trade barriers. VERs are rarely completely voluntary. They represent a Beggar thy neighbour policy that seeks to shift economic activity (or preserve it) for the importing country, and has the effect of increasing costs for consumers there.