Export Quotas

Specific restrictions or ceilings imposed by an exporting country on the value or volume of certain exports, designed to protect domestic producers and consumers from temporary shortages of the materials or goods affected, or to bolster their prices in world markets. Some International Commodity Agreements explicitly indicate when producers should apply such restraints. Export quotas are also often applied in orderly marketing agreements and voluntary restraint agreements, and to promote domestic processing of raw materials in countries that produce them.

See international commodity agreement; orderly marketing agreements; voluntary restraint agreements.

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