Voluntary Restraint Agreement


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Voluntary Restraint Agreement

An agreement between two or more countries in which each limits exports to the other. While this reduces trade between the counties involved, it can help domestic industries and, in any event, can reduce tensions because fewer workers in the involved countries may be worried about outsourcing.
References in periodicals archive ?
The Voluntary Restraint Agreements with Japan and Taiwan, however, have forced Hurco to increase the U.
That's how a White Paper characterizes the voluntary restraint agreements limiting the import of machine tools into the United States.
Its predictions are based on an increase in domestic demand, and the establishment of Voluntary Restraint Agreements to limit imports.
Last month, we looked at the raging battle over whether voluntary restraint agreements for the steel industry should be continued, discontinued, or amended to alleviate shortages in periods of tight demand.

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