| 释义 |
export restraint agreement export restraint agreement a voluntary arrangement between an exporting country and an importing country that limits the volume of trade in a particular product (or products). Specifically, EXPORTS/IMPORTS between the two countries are limited to an agreed number of units, or percentage share of the importing country's domestic sales. An export restraint agreement is thus a protectionist measure (see PROTECTIONISM) designed to shield domestic producers in the importing country from foreign competition and to assist that country's balance of payments. See MULTI-FIBRE ARRANGEMENT. |