voluntary export restraint Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “voluntary export restraint” in the English Dictionary

"voluntary export restraint" in Business English

See all translations

voluntary export restraintnoun [C]

uk   us   (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 ​exportrestrictions remain on Japan's ​carexports 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

hipster

someone who is very influenced by the most recent ideas and fashions

Word of the Day

Chest pains and palpitations: talking about illness (2)
Chest pains and palpitations: talking about illness (2)
by Liz Walter,
February 03, 2016
My previous post (My leg hurts: Talking about illness (1)) presented some general vocabulary to use at the doctor’s. This one looks at some more specific areas of illness and explains some useful words and phrases that you may need to use or understand on a visit to the doctor’s. There are several

Read More 

awesomesauce noun
awesomesauce noun
February 01, 2016
slang the state of being extremely good or enjoyable or something or someone that is extremely good or enjoyable Recovering from the awesomesauce of another fab #Vidcon!!

Read More