Voluntary export restraint (VER)

Voluntary export restraint (VER),

Definition of Voluntary export restraint (VER):

  1. A self imposed limitation on the amount of a product that one country is permitted to export to another. Imposing a voluntary export restraint (VER) will often be a nations official response to a request made by the country being exported to for protection for its domestic businesses against such foreign competition. This is typically done to prevent the imposition of trade tariffs. Also called export restraint agreement.

Meaning of Voluntary export restraint (VER) & Voluntary export restraint (VER) Definition

Voluntary Export Restraint (VER),

Voluntary Export Restraint (VER) Definition:

Voluntary export restrictions (VER) are trade restrictions on the quantity of goods that one exporting country can export to another. This limit is imposed by the exporting country itself.

  • Voluntary export restrictions (VER) are self-imposed limits on the number of countries an exporter can export to.
  • VERs are considered non-tariff barriers to trade, which are limited barriers to trade, such as quotas and restrictions.
  • It is associated with an increase in voluntary imports with the aim of allowing more imports and may include lower tariffs or the elimination of quotas.

Literal Meanings of Voluntary Export Restraint (VER)

Voluntary:

Meanings of Voluntary:
  1. A single ■■■■■ paid before, during or after any service.

  2. Created, given or ■■■■■■■■ voluntarily.

Sentences of Voluntary
  1. Lara whistled, thought to be low, but was picked up by a microphone and echoed by volunteer members through the church.

  2. We provide financial support through voluntary partnerships

Synonyms of Voluntary

non-mandatory, at one's discretion, up to the individual, open, volitional, not required, open to choice, optional, non-compulsory, discretionary, elective

Export:

Meanings of Export:
  1. To sell freight (goods or services) to another country.

  2. Goods, goods or services that are sold abroad.

Sentences of Export
  1. We export $ 16 million worth of prints to Japan

  2. Wool and mohair are the main export products

Synonyms of Export

transport, sell overseas, market abroad, market overseas, send abroad, send overseas, sell abroad, trade internationally

Restraint:

Meanings of Restraint:
  1. A measure or condition that controls or limits someone or something.

  2. Behavioral, emotional, neutral or moderate self-control.

Sentences of Restraint
  1. Decisions are made within the financial limits of the budget.

  2. Appeal to protesters to show restraint

Synonyms of Restraint

moderation, non-indulgence, temperateness, self-discipline, judiciousness, control, abstemiousness, self-control, prudence, self-restraint

Voluntary Export Restraint (VER),

Voluntary Export Restraint (VER) means,

Voluntary export restrictions (VER) are trade restrictions on the quantity of goods that one exporting country can export to another. This limit is set by the exporting country itself.

  • Voluntary Export Restrictions (VER) Exporting countries are self-imposed restrictions on the number of goods exported.
  • VERs are considered non-tariff barriers to trade, which are limited barriers to trade such as quotas and restrictions.
  • Linked to increased voluntary imports aimed at allowing more imports and may include lower tariffs or quota eliminations.

Literal Meanings of Voluntary Export Restraint (VER)

Voluntary:

Meanings of Voluntary:
  1. Volunteered, given or acted upon.

  2. In operation, produced or maintained without payment.

  3. The solo ■■■■■ is played before, during or after the service.

  4. Actors (in competitions) were awarded special achievements.

Sentences of Voluntary
  1. Volunteer help

Synonyms of Voluntary

volunteer, unrewarded, without payment, discretional, unpaid, for free, permissive, without pay, without charge, unsalaried, for nothing, pro bono (publico), free of charge, honorary

Export:

Meanings of Export:
  1. Shipping (goods or services) for sale in another country.

  2. Products or services sold abroad.

Synonyms of Export

sell overseas/abroad, send overseas/abroad, market overseas/abroad

Restraint:

Meanings of Restraint:
  1. A measure or condition that controls someone or something.

  2. Moderate, neutral or emotionless self-control.

Sentences of Restraint
  1. He urged the protesters to exercise restraint.

Synonyms of Restraint

sobriety, reserve, lack of emotion, self-possession, reticence, detachment, formality, aloofness, coldness, uncommunicativeness

Voluntary Export Restraint (VER),

Voluntary Export Restraint (VER) Definition:

  • Meaning of Voluntary Export Restraint (VER): Voluntary export restrictions (VER) are trade restrictions on the quantity of goods that one exporting country can export to another. This limit is set by the exporting country itself.

    • Voluntary export restrictions (VER) are self-imposed limits on the number of items that an exporting country can export.
    • VERs are considered non-tariff barriers to trade, which are limited barriers to trade such as quotas and restrictions.
    • They are associated with increasing voluntary imports (VIE), which aims to allow more imports and may include reducing tariffs or removing quotas.

Literal Meanings of Voluntary Export Restraint (VER)

Voluntary:

Meanings of Voluntary:
  1. Did, gave or volunteered.

  2. (Competition) Actors were awarded special achievements.

Sentences of Voluntary
  1. We fund ourselves through voluntary donations.

Export:

Sentences of Export
  1. Almost all bananas grown are exported to the UK.

Restraint:

Meanings of Restraint:
  1. Moderate, neutral or emotional self-control.