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Wat (wie) is Voluntary Export Restriction - definitie

SELF-IMPOSED QUOTA, PUT IN PLACE BY THE IMPORTING COUNTRY OR INDUSTRY

Voluntary Export Restraint; Voluntary restraint agreement; Voluntary Export Restraints; Voluntary export restraints

Voluntary Export Restriction

An understanding between trading partners in which the exporting nation, in order to reduce trade friction, agrees to limit its exports of a particular good. Also called voluntary restraint agreement.

Voluntary export restraint

A voluntary export restraint (VER) or voluntary export restriction is a measure by which the government or an industry in the importing country arranges with the government or the competing industry in the exporting country for a restriction on the volume of the latter's exports of one or more products.

https://en.wikipedia.org/wiki/Voluntary_export_restraint

Export restriction

PROHIBITION OF EXPORTING STRATEGIC TECHNOLOGIES

Restriction on Exportation; Restriction on exportation; Export restrictions

Export restrictions, or a restriction on exportation, are limitations on the quantity of goods exported to a specific country or countries by a Government. Export restrictions could be aimed at achieving diverse policy objectives such as environmental protection, economic welfare, social wellbeing, conversion of natural resources, and controlling inflationary pressures.

https://en.wikipedia.org/wiki/Export_restriction

Wikipedia

Voluntary export restraint

A voluntary export restraint (VER) or voluntary export restriction is a measure by which the government or an industry in the importing country arranges with the government or the competing industry in the exporting country for a restriction on the volume of the latter's exports of one or more products.

By this definition, the term VER is a generic reference for all bilaterally agreed measures to restrain exports. They are sometimes referred to as 'Export Visas'. The restraint could be a preset limit, a reduction in the exported amount, or a complete restriction.

Typically VERs arise when industries seek protection from competing imports from particular countries. VERs are then offered by the exporting country to appease the importing country and deter it from imposing explicit (and less flexible) trade barriers.

The implementation of VERs was prohibited in 1994 under modifications to the General Agreement on Tariffs and Trade (Article 11).

https://en.wikipedia.org/wiki/Voluntary export restraint