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Voluntary Restraint Agreement
Japan-United States [1981]
Also known as: VRA
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history of automotive industry
- In automotive industry: The industry in the United States
Called the Voluntary Restraint Agreement (VRA), it spelled out how many cars each Japanese producer could ship to the United States in a single year. The VRA took effect in 1981 and was renewed annually through the early 1990s. A similar agreement was in effect in Canada…
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