A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Export Quotas:
Restrictions or ceilings imposed on the total value or volume of certain exports. They are designed to protect domestic producers and consumers from temporary shortages of these products or to improve the prices of specific products on world markets by shortening their supply. The later is only possible where a country, or group of countries, is the dominate exporter of the product.
Source: Walter Goode: Dictionary of Trade Policy Terms, Fourth Edition, (Cambridge University Press/WTO, 2003), p.133
Import Quotas:
Restrictions or ceilings imposed by an importing country on the value or volume of certain products that may be bought from abroad. They are designed to protect domestic producers from the effects of lower-priced imported products. Import quotas are a form of quantitative restrictions.
Source: Walter Goode: Dictionary of Trade Policy Terms, Fourth Edition, (Cambridge University Press/WTO, 2003), p.175
Fixed Quota:
A quota set for the volume of import of goods that may not be exceeded in set period.
Source: Walter Goode: Dictionary of Trade Policy Terms, Fourth Edition, (Cambridge University Press/WTO, 2003), p.139
Limits on the value or quantity of a good which can be imported or exported during a period, on a global basis.
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