Difference between revisions of "Quantitative restrictions, trade"

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Quantitative restrictions are limitations on the quantity or value of a product that may be permitted to enter a country. They are probably the most familiar of the [[nontariff barriers]] and include [[quotas]], [[embargoes]], restrictive licensing, and other means of limiting imports. The [[Uruguay Round]] Agreement on Agriculture requires the conversion of quantitative restrictions to [[bound tariff]]s and [[tariff rate quota]]s.  
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Quantitative restrictions are limitations on the quantity or value of a product that may be permitted to enter a country. They are probably the most familiar of the [[nontariff barriers]] and include [[quotas]], [[embargo]]es, restrictive licensing, and other means of limiting imports. The [[Uruguay Round]] Agreement on Agriculture requires the conversion of quantitative restrictions to [[bound tariffs]] and [[tariff rate quota]]s.  
  
 
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Latest revision as of 17:07, 18 October 2019

Quantitative restrictions are limitations on the quantity or value of a product that may be permitted to enter a country. They are probably the most familiar of the nontariff barriers and include quotas, embargoes, restrictive licensing, and other means of limiting imports. The Uruguay Round Agreement on Agriculture requires the conversion of quantitative restrictions to bound tariffs and tariff rate quotas.

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