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VER vs. VIE

Export
Base Metals and Articles of Base Metals
From United States of America
To Mexico
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David W.
Sep 22, 2021

What is the difference between Voluntary Export Restraint (VER) vs. Voluntary Import Expansion (VIE) ?

1 answer

Fernando J.
Sep 22, 2021

Related to voluntary export restraint (VER) is a voluntary import expansion (VIE), which is a change in a country's economic and trade policy to allow for more imports by lowering tariffs or dropping quotas. Often VIEs are part of trade agreements with another country or the result of international pressure.

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