Voluntary Export Restraint - VER
- Voluntary Export Restraint - VER
- 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. Typically, VERs are a result of requests made by the importing country to provide a measure of protection for its domestic businesses that produce substitute goods. VERs are often created because the exporting countries would prefer to impose their own restrictions than risk sustaining worse terms from tariffs and/or quotas.
The most notable example of VERs 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.
However, there are ways in which a company can avoid a VER. For example, the exporting country's company can always build a manufacturing plant in the country to which exports would be directed. By doing so, the company will no longer need to export goods, and should not be bound by its country's VER.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
voluntary export restraint — UK US noun [C] (ABBREVIATION VER, also voluntary export restriction, voluntary restraint agreement) COMMERCE ► an agreement between two countries that limits the number of goods of a particular type that one of the countries can sell to the other … Financial and business terms
voluntary Export Restraint — (VER) In relation to Japanese manufacturers exporting to Canada (no longer in effect) … Dictionary of automotive terms
Voluntary Export Restraints — A voluntary export restraint (VER) is a restriction set by a government on the quantity of goods that can be exported out of a country during a specified period of time. Often the word voluntary is placed in quotes because these restraints are… … Wikipedia
VER — UK US noun [C] COMMERCE ► ABBREVIATION for VOLUNTARY EXPORT RESTRAINT(Cf. ↑voluntary export restraint) … Financial and business terms
VER — Acronym for Voluntary Export Restraint … Dictionary of automotive terms
international trade — Introduction economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… … Universalium
ДОБРОВОЛЬНЫЕ ЭКСПОРТНЫЕ ОГРАНИЧЕНИЯ — (voluntary export restraint, VER) Соглашение, принятое экспортерами определенной страны или ее правительством по ограничению экспорта в какую либо другую страну. Установленное ограничение может иметь количественную форму, стоимостную или форму… … Экономический словарь
ТАРИФ, ТАМОЖЕННАЯ ПОШЛИНА/ ПЕРЕЧЕНЬ ЦЕН ИЛИ НАЛОГОВ — (tariff) Прейскурант, например в ресторане. В экономике тарифы первоначально представляли собой таблицу налогов на импорт; в настоящее время этот термин относится к действующим импортным пошлинам. Стоимостные тарифы устанавливаются в виде… … Экономический словарь
ДОБРОВОЛЬНОЕ ОГРАНИЧЕНИЕ ЭКСПОРТА (ДОЭ) — (voluntary export restraint (VER)) Согласие страны экспортера ограничить экспорт товара в какую либо страну, импортирующую этот товар за некую цену. ГАТТ (GATT) запрещает дискриминационные договоренности в сфере международной торговли, что… … Политология. Словарь.
Международная торговля — (World trade) Определение международная торговля, развитие международной торговли, формы международной торговли Современные теории международной торговли, роль международной торговли, международная торговля России, показатели международной… … Энциклопедия инвестора
