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Home > Terms > English, UK (UE) > Import quota
Import quota
A trade barrier that sets the maximum quantity (quantitative restriction) or value of a commodity allowed to enter a country during a specified time period. The Uruguay Round Agreement on Agriculture requires the conversion of import quotas and other quantitative restrictions to tariff-rate quotas and/or bound tariff rates.
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- Part of Speech: noun
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- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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