Export Quota

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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.
References in periodicals archive ?
TEHRAN (FNA)- Iran's former OPEC Governor Mohammad Ali Khatibi said his country is needed to work on plans to lower the export quotas of the oil cartel members in a bid to find enough space in the market to hike its crude supplies.
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.
The European Union reached an agreement with Moldova for it to double its tax-free export quotas from 1st August 2014, from 40,000 to 80,000 tonnes for apples, and from 10,000 to 20,000 tonnes for prunes, immediately after export of apples to the Russian market was ceased, which was viewed as a political measure.
Prices of tungsten and molybdenum, spurred by reduced domestic production and export quotas, jumped over 530 percent higher in 2011 and these further jacked up in 2012.
Beijing: China has scrapped its export quotas for rare earths, minerals used in mobile phones and other high-tech products, after losing a World Trade Organisation case brought by Washington and other trading partners over controls that alarmed global technology producers.
According to experts, the meeting of the export quotas will also be problematic
China produces more than 90% of the world's rare earths and imposed strict rare earth export quotas in 2010, saying it was trying to curtail pollution and preserve resources.
Meanwhile, the panel recognized China's comprehensive resource and environment conservation measures taken for the products at issue, and rejected EU's claim that the "export performance" requirement imposed by Chinese government on enterprises applying for molybdenum export quotas discriminated foreign enterprises.
TSE:AVL) (NYSE-MKT: AVL) ("Avalon" or the "Company") is pleased to report on the recently announced first round allocations of rare earth elements export quotas for 2014, to companies operating in China, from the Chinese Ministry of Commerce (MOFCOM).
A statement issued here on Thursday said that the event was organized in collaboration with Ministry of Commerce, Chamber of Commerce and Industry to create awareness among the exporters on the details of ATPs so that they could take full advantage of the export quotas, ceilings for the duration of the special faculty, which is expiring on December 31, 2013.
According to the FTA between Taiwan and Panama, which entered into force in 2004, Panamanian sugar benefits from preferential treatment of exemption from customs duties when exported to Taiwan, while Taiwan is in charge of distribution of export quotas.
In order to preserve the domestic tungsten resources and facilitate the Tungsten industry upgrade, the Chinese government successively launched a number of policies to constrain the development of upstream industries such as control over the production volume of tungsten concentrates as well as restriction and elimination of outdated upstream production capacity, and also strived to promote the development of tungsten downstream deep processing industries by adjusting export quotas and implementing the import tax policy.
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