Voluntary export restraint arrangement
An arrangement, usually a negotiated bilateral agreement, between countries in which suppliers or their government in an exporting country agree to limit to predetermined levels their exports of a particular product to an importing country. Under the Uruguay Round Agreement on Agriculture, VERs are to be converted into fixed tariffs or tariff-rate quotas.
Selected Voluntary export restraint arrangement links:
|© 1997-2006 Healthboard.com. Healthboard.com is a purely informational website, and should not be used as a substitute for professional legal, medical or technical advice.|