import quota
limit placed on the amount of goods that can be brought in from foreign countries
Import quota
An import quota is a type of
protectionist 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. For example, a country might limit sugar imports to 50 tons per year. Quotas, like other trade restrictions, are used to benefit the producers of a good in a domestic economy at the expense of all consumers of the good in that economy.
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Import Quota
a government-imposed limit on the number, quantity or value of a product to be imported, usually to protect local industry.
Import quota
A 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.
Import quota
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