Economy, asked by Atom7529, 9 months ago

Why do some governments ask foreign exporters to implement voluntary export restraints instead of just using quotas and tariffs to restrict imports by the same amount?

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Answered by Mysteryboy01
1

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VERs are often created because the exporting countries would prefer to impose their own restrictions than risk sustaining worse terms from tariffs or quotas. They have been used by large, developed economies.

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