Download or read book Regional Integration Under VERs written by David G. Tarr and published by World Bank Publications. This book was released on 1992 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of a North American free trade area and other trading blocs is likely to result in trade diversion in sectors where protection is exercised through voluntary export restraints (VERs). Such trade diversion will benefit the improving country but will hurt exporting countries outside the trading bloc.