TeachMeFinance.com - explain Voluntary Export Restriction
Voluntary Export Restriction -- An understanding between trading partners in which the exporting nation, in order to reduce trade friction, agrees to limit exports of a particular good to the other partner.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.