trade quotas
Commerce volume caps
Trade quotas are government-imposed limits on the quantity of goods that can be imported or exported during a specific period.
Unlike tariffs, which tax imports, quotas cap volume directly: The country set trade quotas on steel imports.
Quotas protect domestic industries from foreign competition but can raise prices for consumers and invite retaliation from trading partners.
- retaliatory tariffsPunitive import taxes in response
- level playing fieldEqual competitive conditions
- export controlsRestrictions on foreign sales
- embargoesRestrictions on international commerce
- border controlsEntry point screening measures
WTO · most favored nation · customs inspections · enforcement agencies · bilateral talks · protectionism
- tradecustoms, commerce, export, exports, import
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- quotas
- trade policytariff, protectionism, sanctions, tariffs, customs
- EU tradesingle market, common market, free movement, customs union, harmonization
- trade controlsimport tariffs, import restrictions, import regulations, customs duties, import permits
trade regulation mechanism
trade quotasfree trade
Unrestricted international exchange
open markets · free markets · laissez-faire · deregulation · globalization
trade, quota, trades, traded, trading, trader, traders, quotas