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Import Quota |
Also found in: Wikipedia | 0.01 sec. |
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Import Quota Puts limits on the quantity of certain products that can be legally imported into a particular country during a particular time
frame. There is a Fixed quota, which is a maximum quantity not to be exceeded, and tariff rate surcharge, which permits additional quantities but at much higher duty. |
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? Mentioned in | ? References in periodicals archive | |
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Separately, Mexico last week raised its duty-free corn import quota to 1. In May 2005, after this book was published, President Bush renewed import quotas on Chinese textiles, sacrificing the interests of the tiny minority of Americans who wear clothes for the alleged protection of 600,000 textile jobs. The lifting of apparel and textile import quotas is squeezing local manufacturers, but will likely provide a boon for consumers in search of inexpensive wares, economists said Thursday. |
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