Import Quota Definition

Information and translations of import quota in the most comprehensive dictionary definitions resource on the web. An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.

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Government imposes quotas to protect domestic industries from foreign competition.

Import quota definition. Import quotas are a form of restriction imposed by the government on trade of a particular commodity by imposing restriction on either fixed in terms of value or quantity of the product which can be imported during a given period of time usually for one year usually been imposed by the government to provide benefits to local producers. Meaning of import quota. Meaning of import quotas 2.

The amount of goods that a country allows to be imported during a particular period of time. In this article we will discuss about 1. The amount of goods that a country allows to be imported during a particular period of time.

The import quota means physical limitation of the quantities of different products to be imported from foreign countries within a specified period of time usually one year. An import quota fixes the quantity of a particular good that foreign producers may bring into a country over a specific period usually a year. The maximum amount of a product that can be imported into a country within a given period.

Meaning pronunciation translations and examples. Import quotas are a form of protectionism. Look it up now.

A quota is a government imposed trade restriction limiting the number or value of goods a country can import or export during a particular period. Objectives of import quotas 3. Meaning of import quotas.

Quotas like other trade restrictions are typically used to benefit the producers of a good in that economy.

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