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4- Maroij is a major exporter of dairy products. Mipon is a major exporter of heavy machinery but also has a sizeable domestic dairy industry.

4- Maroij 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, Maroi, at the request of Mipon, limited the amount of dairy products it exports to Mipon each year. This is an example of a- Tariff rate quota. b- Voluntary export restraint (VER). c- Quota rent. d- Quota share. e- Export embargo. International Business (BU355)

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