Webster's Online Dictionary
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Specialty Expressions: IMPORT QUOTA

ExpressionsDomainDefinition
Import quotaAgricultureA trade barrier that sets the maximum quantity (quantitative restriction) or value of a commodity allowed to enter a country during a specified time period. The Uruguay Round Agreement on Agriculture requires the conversion of import quotas and other quantitative restrictions to tariff-rate quotas and/or bound tariff rates. (references)
Import QuotaEconomicsA protective device establishing limits on the quantity of a particular product that may be imported into a country. (references)
Import Quota AuctioningEconomicsThe process of auctioning the right to import specified quantities of quota-restricted goods. (references)

Source: compiled by the editor from various references; see credits.

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