Definition: Limits on the amount of a good produced, imported, exported or offered for sale.
Related glossary term: ...
Quotas and Quota System
Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption during specified periods.
A system of controlling imports, exports or production by specifying a certain limitation.
Many governments have established quotas of limiting imports by class of goods or country of origin. Sometimes importing countries require issuance of licenses before U.S. companies may ship to them.
A specific restrictions or ceilings imposed by an exporting country on the value or volume of certain exports to protect domestic producers and consumers from temporary shortages of the goods affected or to bolster their prices in ...
A two tier tariff system, i.e. when imports within a set quota may enter at a lower tariff rate than imports exceeding such a quota.
Franšais: Tarifs par quotas
Espa˝ol: Contingente arancelario ...
Specified maximums which a nation places on the value or volume of certain of its exports.
Export Restraints ...
Import quotas. Government-imposed limits on the quantities of certain goods and services allowed to be imported. Like import tariffs, import quotas are used by governments to protect domestic industries from foreign competition. See protection.
Quotas on pollution. Often it is advocated that quotas should be implemented by way of tradeable emissions permits, which if freely traded may ensure that reductions in pollution are achieved at least cost.
Import quotas once played a much greater role in global trade, but the 1995 renegotiation of GATT has made it increasingly difficult for a country to introduce them.
Quantity restrictions imposed by the government of one nation on imports from other nations. The primary goal of import quotas is to reduce imports and increase domestic production.
Tariff Rate Quotas
(Customs) Application of a higher duty rate to imported goods after a specified quantity of the item has entered the country at a lower prevailing rate.
Tariff Schedule ...
The system of quotas and subsidies presents another complicated problem. After the fall of communism, the Central and Eastern European countries adjusted to the market and became more productive.
Countries have voting power in the IMF in proportion to their IMF quotas.
The migration of people into a country.
Economic growth that makes the country worse off.
Protectionism Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
(kńrtl´), national or international organization of manufacturers or traders allied by agreement to fix prices, limit supply, divide markets, or to fix quotas for sales, manufacture, or division of profits among the member firms.
firms would produce if left to themselves (that is, to produce at levels where the marginal cost of production is well below the price per unit), the cartel must also work out some mutually acceptable formula for assigning maximum production quotas ...
- freer - lowering trade barriers through negotiation; barriers include customs duties or tariffs and measures such as import bans or quotas that restrict quantities selectively; ...
Nurkse emphasised that tariff duties, exchange controls, import quotas and other non-tariff barriers to trade are major obstacles to promoting international cooperation in exporting and importing.
In the absence of government quotas there are no barriers to entry (Strike 1). These commodity producers are forced to sell at a market price determined by competing on price (Strike 2).
Things like import and export taxes, tariffs, inspection regulations, and quotas can all be part of a nation's trade policy.
Free trade agreements reduce or eliminate tariffs and quotas between trading partners. The largest free trade agreement is NAFTA, or the North American Free Trade Agreement, which is between the U.S., Canada and Mexico.
OPEC acts as an oil cartel, trying to fix prices by controlling output, primarily through production quotas. OPEC members control about two-thirds of the world's estimated reserves of oil.
strategy of imposing high tariffs or establishing quotas on foreign imports for the purposes of stemming the tide of foreignmade goods coming into the country and competing with domesticmade goods.
Business / Agriculture / Marketing Quotas (Or Allotments): Authorized by the Agricultural Adjustment Act of 1938, these quotas (sometimes called poundage quotas) limit marketings of certain commodities.
economy with production quotas an economy in which production is governed by quotas. Controlled economies and monopolies are the opposite of market competition.
Related definitions of "controlled economy"
See also competition ...
Such constraints can take the form of tariffs, quotas, exchange controls, or non-tariff barriers (Sec.I).
Protecting domestic industry from import competition by means of tariffs, quotas, and other
Policy of tariffs or import quotas to protect domestic producers from foreign competition.
Protectionism Using tariffs, trade restrictions and quotas to protect domestic industry and businesses from competition from overseas. … [Read more...]
Author: Skip Stamous Filed Under: p Tagged With: P Glossary, Protectionism ...
A type of sampling where quotas are set for certain cells or demographics.
A sample taken from any given population in which each person maintains equal chances of being selected.
Tariff Rate Quota. Tariff rate quotas provide two rates of duty for a product -- a lower within quota rate and a higher over quota rate.
1, autonomous tariff suspensions and tariff quotas, preferential arrangements, anti-dumping, countervailing, safeguard and retaliatory duties, ...
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See also: Tariff, Tariffs, Barriers, Index, Transaction