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A voluntary export restraint (VER) or voluntary export restriction is a measure by which the government or an industry in the importing country arranges with the government or the competing industry in the exporting country for a restriction on the volume of the latter's exports of one or more products. [1]
The dynamics of trade diversion was described by Ravshanbek Dalimov in 2009. He used similarity of trade flows to the flux of gas or liquid stimulated by the pressure difference, while the flows of trade flows are stimulated by the price difference. [8] This allowed use of Navier-Stokes equations for the interregional dynamics of trade flows. [6]
Export restrictions, or a restriction on exportation, are limitations on the quantity of goods exported to a specific country or countries by a Government. Export restrictions could be aimed at achieving diverse policy objectives such as environmental protection, economic welfare, social wellbeing, conversion of natural resources, and controlling inflationary pressures.
The move is one element of the latest round of sanctions and export controls by the United States, partners and allies in response to Russia's ongoing war in Ukraine, which began on Feb. 24, 2022.
This category includes global quotas with respect to specific countries, seasonal quotas, and so-called "voluntary export restraints". Quantitative controls on foreign trade transactions are carried out through one-time license. Quantitative restrictions on imports and exports are direct administrative forms of government regulation of foreign ...
(Reuters) -The Biden administration on Thursday eased export restrictions on U.S. commercial space companies to ship certain satellite and spacecraft-related items to allies and partners. The ...
WASHINGTON (Reuters) -A bipartisan group of lawmakers unveiled a bill late Wednesday that would make it easier for the Biden administration to impose export controls on AI models, in a bid to ...
Orderly marketing arrangements are included under voluntary restraint agreements; however voluntary restraint agreements may also pertain to trade agreements made between industries and governments. The Consumers Union distinguishes binding from non-binding as government to industry arrangements and government to government arrangements.