„Voluntary Restraint Agreements“

Informal bilateral or multilateral arrangements through which the exporting nations voluntarily restrain certain exports, usually through export quotas, to avoid economic dislocation in an importing country and to avert the possible imposition of mandatory import restrictions by the importing country.

Source:

Krueger, Anne O. “Trade Policies in Developing Countries.” In Handbook of International Economics, edited by Ronald W. Jones and Peter B. Kenen, 519-570. Amsterdam: Elsevier Science Publishers, 1984.