Voluntary Export Restraints

Mason, Mike
January 2005
Globalization & Development: A Glossary;2005, p141
Reference Entry
An encyclopedia entry on "Voluntary Export Restraints" is presented. It refers to the agreement between the U.S. and other states to restrict imports into the U.S. The U.S. Trade Act of 1974 authorized the U.S. to take punitive action against countries that were found guilty of unfair trading.


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