voluntary export restraint
noun[C]
COMMERCEukus(abbreviationVER);(alsovoluntary export restriction);(voluntary restraint agreement)anagreementbetween twocountriesthatlimitsthenumberofgoodsof aparticulartypethat one of thecountriescansellto the other:
Voluntaryexportrestrictionsremainon Japan'scarexportsto theEuropeanUnion.