Maroji is a major exporter of dairy products. mipon is a major exporter of heavy machinery but also has a sizeable domestic dairy industry. since it imports a sizeable amount of heavy machinery from mipon, maroji, at the request of mipon, limited the amount of dairy products it exports to mipon each year. this is an example of tariff rate quota quota rent voluntary export restraint (ver) quota share export embargo

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03-04-2018
Business

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Maroji is a major exporter of dairy products. mipon is a major exporter of heavy machinery but also has a sizeable domestic dairy industry. since it imports a sizeable amount of heavy machinery from mipon, maroji, at the request of mipon, limited the amount of dairy products it exports to mipon each year. this is an example of tariff rate quota quota rent voluntary export restraint (ver) quota share export embargo

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Erudite1 Erudite1 · Answer 1 · 2018-04-12T14:45:33+02:00

This is an example of VOLUNTARY EXPORT RESTRAINT.
Voluntary export restraint is a self impose limitation on the amount of export that a country is permitted to export to another country. The country receiving the exported products usually request that the exporting country reduce the number of products they send to their country. This request is usually made so that the receiving country can also develop its domestic industries that are producing that particular product.