Quotas

Quotas
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Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption during specified periods.

QUOTAS
See Quantitative Restrictions; Tariff Quota.
QUID PRO QUO ...

Quotas
A system of controlling imports, exports or production by specifying a certain limitation.
Quotation ...

QUOTAS
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.
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Tariff quotas:
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.
Français: Tarifs par quotas
Español: Contingente arancelario ...

Export Quotas
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 ...

Export Quotas
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.

Quotas
Another option is to limit the amount of a particular good which can be imported. These are also known as Voluntary Export Restraints VER ...

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.

IMPORT QUOTAS
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.
Immigration
The migration of people into a country.
Immiserizing growth
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.

(kärtl´), 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; ...

Price supports and quotas no longer exist. To help the farmers' transition to the free market, the buyout bill also provided approximately 10 billion dollars to eligible quota owners and producers.

Under similar analysis, export tariffs, import quotas, and export quotas all yield nearly identical results.

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).

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.

When the Chief Executive Officer (CEO) is too busy to manage the production quotas and other operational factors of an organization, the Chief Operating Officer (COO) steps in to fulfill that responsibility.

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
trade barriers.
Protectionism
Policy of tariffs or import quotas to protect domestic producers from foreign competition.

Quota sampling
A type of sampling where quotas are set for certain cells or demographics.
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Random sample
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.

Protectionism
Protecting domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
Call protection
A feature of some callable bonds that establishes an initial period when the bonds may not be called.

A quota set under an international commodity agreement that determines the volume that a producing country can sell abroad. Export quotas may also be set by governments on domestic producers of commodities or goods to combat shortages or high prices ...

A form of restrictive trade where barriers to trade are set up and take a form other than a tariff. Nontariff barriers include quotas, levies, embargoes, sanctions and other restrictions, and are frequently used by large and developed economies.

Trade Restrictions - Are taxes, tariffs, capital constraints, multiple currency rates dependent on type of transaction, quotas, and other impediments or requirements to execute an exchange of goods, services or financial transactions.

Cartel An association of suppliers in an industry that agrees to set common prices and output quotas to prevent competition.

Non-tariff Barrier: Trade-restrictive practices other than custom tariffs (e.g., import quotas).
North American Free Trade Agreement (NAFTA): A treaty allowing for free trade and investment between Canada, U.S., and Mexico.

Collusive oligopoly - Where oligopolists agree, (formally or informally) to limit competition between themselves. They may set output quotas, fix prices, limit product promotion or development, or agree not to 'poach' each other's markets.

An international organisation founded in 1947 to promote maintenance of equilibrium in the balance of payments among the various nations of the world. The functions of the IMF include the levying of quotas on member nations to create a pool of funds ...

Quantitive Restrictions (QR) - Restrictions on trade, generally in the form of quotas, that limit the quantity o a good or service that can be imported or exported. Another form of quantity restriction is a VER, or Voluntary Export Restraint.

Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
Protective covenant ...

Up to 25 per cent is payable in SDRs or other acceptable reverse assets and the remainder in the members own currency. Quotas, which reflect member's relative size in the world economy, are normally reviewed every 5 years.

economies work on the assumption that market forces, such as supply and demand, are the best determinants of what is right for a nation's well being. These economies rarely engage in government interventions such as price fixing, license quotas and ...

They are volatile and currently sell for about $10 to $15. The price is heavily influenced by the European Union's emissions trading scheme because companies can also buy CDM credits to fulfil their quotas. [1] ...

life of a loans officer, where people would line up outside the office to request a loan, is over. Now, more than ever, loan officers are starting to feel the pressures of finding new customers. In some cases, they even have monthly quotas to fill.

Some cartels in international markets are operated by national governments; the best example of this the oil cartel OPEC. OPEC sets output quotas rather than selling prices, but as price depends on supply the effect is the same.

Although intended to protect a country's economy from foreign competitors, it usually makes the protected country worse off than if it allowed international trade to proceed without hindrance from trade barriers such as QUOTAS and TARIFFS.

a measure of protection for its domestic businesses that produce substitute goods. VERs are often created because the exporting countries would prefer to impose their own restrictions than risk sustaining worse terms from tariffs and/or quotas.

capital property consists of intangible property of unlimited duration, such as goodwill, a customer list, trademarks, or government rights, franchises of unlimited duration, unlimited patents, incorporation and reorganization costs, and milk quotas.

Protection [r]: In international economics, a restriction upon trade by the imposition of quotas or tariffs. [e]
Public choice theory [r]: A theory of government decision-making that takes account of rent-seeking by decision-makers. [e] ...

import quotas, tariffs). trade credit A firm's open account arrangements with its vendors. trade date The date on which the transaction occurs. The trade date ranges from one to... trade deficit A negative balance of trade (i.e.

See also: Tariff, Tariffs, Barriers, Trade barrier, Free trade