what is a voluntary export restraint ver 
a voluntary export restraint ver is a trade restriction on the quantity of a good that an exporting country is allowed to export to another country this limit is self imposed by the exporting country vers came about in the 1930s and gained a lot of popularity in the 1980s when japan used one to limit auto exports to the u s 12 in 1994 world trade organization wto members agreed not to implement any new vers and to phase out existing ones 3