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Voluntary Export Restaints (VERs)
agreements between exporting and importing countries in which the exporting country agrees to limit the quantity of exports of a specific good below a certain level
an international organization that sets the rules for global trading and resolves disputes between its member states
trade that takes place between countries when there are no barriers to trade put in place by governments or international organizations
the selling by a country of large quantities of a commodity, at a price lower than its production cost, in another country
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