Go to Statistics Portal

VOLUNTARY EXPORT RESTRAINTS (VER)

Statistics Directorate    
Definition:
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. The arrangement may be concluded either at the industry or government level.

Source Publication:
The OECD Economic Outlook: Sources and Methods.

Hyperlink:
http://www.oecd.org/eco/outlook/sources-and-methods.htm

Statistical Theme: International trade statistics

Created on Tuesday, September 25, 2001

Last updated on Friday, March 28, 2014