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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 [[quota]]s, [[embargo]]es, 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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Revision as of 16:07, 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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