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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Commerce
Plz explain voluntrary export restriction
plz explain Voluntrary export restriction plz easy way mai btana book ki langauage confuse kar rahai hai
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Archana sharma
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-VER is a non tariff trade barrier(like quotas, sanctions, etc by large or developed economies). -It is an agreement between exporter of exporting country and importing country to limit export. -It is basically a result of request made by importing country to provide a protection for its domestic businesses. -It is a government imposed limit on quantity of goods to be exported. -eg: JAPAN imposed a VER on its auto exports into US as a result of American pressure in 1980, resulting gave a protection to US auto industry against foreign competition.
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Rucha rajesh shingvekar
Voluntary export restraints (VER) are arrangements between exporting and importing countries in which the exporting country agrees to limit the quantity of specific exports below a certain level in order to avoid imposition of mandatory restrictions by the importing country. Example of a Voluntary Export Restraint (VER) The most notable example is when Japan imposed a VER on its auto exports into the U.S. as a result of American pressure in the 1980s. The VER subsequently gave the U.S. auto industry some protection against a flood of foreign competition.
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Priya gulani
A voluntary export restraint (VER) is a trade restriction on the quantity of a good that an exporting country is allowed to export to another country. This limit is self-imposed by the exporting country. VERs came about in the 1930s and gained a lot of popularity in the 1980s when Japan used one to limit auto exports to the U.S. In 1994, World Trade Organization (WTO) members agreed not to implement any new VERs and to phase out existing ones