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social science subjects > economics > economic concepts > international trade > voluntary export restraints
... > contexts > population characteristics > socioeconomic factors > poverty > economics of poverty > international trade > voluntary export restraints
social science subjects > business and management > international business > international trade > voluntary export restraints
social science subjects > politics and international relations > international relations > international trade > voluntary export restraints
... > social science subjects > criminology and criminal justice > criminology > law and society > law and political science > international trade > voluntary export restraints
... > social science subjects > politics and international relations > political science > law and courts > law and society > law and political science > international trade > voluntary export restraints

Preferred term

voluntary export restraints  

Definition

  • A voluntary export restraint (VER) is a limit placed on exports by the exporting country, usually imposed because of political pressure from one or more importing trading partners. VERs are typically industry-specific, with prominent examples having been implemented by Japan in the automobile industry and by several Asian countries in the textile industry. [Source: Encyclopedia of Business in Today's World; Voluntary Export Restraints]

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https://concepts.sagepub.com/social-science/concept/voluntary_export_restraints

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