voluntary export restraint - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “voluntary export restraint”

voluntary export restraint

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: Voluntary export restrictions remain on Japan's car exports to the European Union.
(Definition of voluntary export restraint from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of voluntary export restraint?
Add Cambridge dictionaries to your browser to your website

Word of the Day

cup tie

a game between two teams trying to win a cup (= prize), especially in football

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More