Export Quota

Export Quota

A limit a country sets on the number of units of a good that may be exported over a period of time. Export quotas are usually instituted in order to maximize the domestic supply, which helps keep prices low within the country. While this may be good for consumers, it is not necessarily beneficial for producers. See also: Export control.
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Iran intends to increase its crude oil production by 1 million barrels per day within six months after sanctions are lifted and to regain its export quota in the OPEC.
Beijing has more than doubled the export quota volumes for diesel in the third quarter compared with the previous three months, raising total export quotas so far this year to 5.
Besides, she announced that the EU will exceptionally bring Tunisia's annual olive oil export quota to the tune of 25,000 tonnes, to reach 80,000 tonnes (against 56,000 tonnes).
This year the export quota under the Association Agreement with the European Union will be 25,783 metric tons.
In October 2013, Israel's Supreme Court gave way to plans by the Jewish state to export its offshore gas by rejecting an appeal against a 40% export quota decision taken by the Netanyahu government back in June last year.
In regard of the dispute case which was brought against China by the European Union, Japan and the United States in 2012 to WTO, the panel report, circulated Wednesday afternoon, said that China's export duty, export quota, and export quota administration and allocation measures imposed on rare earths, tungsten and molybdenum products were inconsistent with the WTO rules and China's Accession Protocol.
The Finance Minister directed the officials of the Ministries of Commerce and Industries to ensure shipment of export quota of sugar upto 500,000 metric tons.
He reminded that Bulgaria was the only EU country with a maize export quota for China.
The Economic Coordination Committee (ECC) of the cabinet had allowed export of a total quantity of 300,000 tons sugar out of which 100,000 metric tons in January whereas 200,000 tons in May 2012 and placed export quota restriction of 5,000 per sugar mill.
Despite export controls, China has met global market demand, he said, noting that the country set an export quota of 30,200 tonnes for rare earth products in 2011, while actual exports totaled just 18,600 tonnes.
The Appellate Body upheld the Panel's recommendation that China bring its export duty and export quota measures into conformity with its WTO obligations,'' the report said.
China's 2010 export quota, meanwhile, was only 30,000 tons.
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