Export quota

A specific restriction on the value or volume of exports of a specified good imposed by government of the exporting country. This restraint may be intended to protect domestic producers from temporary shortages of certain materials, or as means to moderate world prices of specified commodities. Commodity agreements sometimes contain explicit provisions to indicate when export quotas should go into effect among producers. Export quotas are also used in connection with orderly marketing and voluntary restraint agreements. See also import quota.

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