Import Quota
/ˈɪmpɔrt ˈkwoʊtə/
Definitions
- (n.) A legally imposed limit on the quantity of a specific good that may be imported into a country during a set period.
The government implemented an import quota to protect domestic manufacturers from foreign competition.
Forms
- import quota
- import quotas
Related terms
See also
Commentary
Import quotas are a form of quantitative restriction distinct from tariffs, often used in trade policy to shield domestic industries.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.