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VOLUNTARY RESTRAINT ARRANGEMENT (VRA)

Statistics Directorate    
Definition:
Bilateral arrangement whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, tariffs or other import controls.

Source Publication:
Doha World Trade Organisation Ministerial: Glossary of Terms.

Hyperlink:
http://www.wto.org/wto/english/thewto_e/minist_e/min01_e/brief_e/brief22_e.htm#_Toc528136428

Statistical Theme: International trade statistics

Created on Wednesday, August 14, 2002

Last updated on Wednesday, August 14, 2002