A restriction on trade, usually imports, limiting the quantity of the good or service that is traded; a quota is the most common example, but VERs usually take the form of QRs. QRs on traded services are more likely to restrict the number or activities of foreign service providers than the services themselves, since the latter are hard to monitor and measure.
A term that applies to a quota or other administratively determined ceiling on imports or exports, usually expressed in volume terms, and sometimes specifying the amount that may be imported from each supplying country. QRs are distinguished from trade restrictions that operate through the price mechanism, "T such as a tariff or surcharge. GATT Article 11 generally prohibits QRs, although several exceptions are made.
Explicit limits, or quotas, on the physical amounts of particular commodities that can be imported or exported during a specified time period, usually measured by volume but sometimes by value.
Explicit limit or quota on the amount of goods that can be imported or exported during a specified time period, usually measured by volume but sometimes by value. The quota may be applied on a "selective" basis, with varying limits set according to the country of origin, or on a quantitative global basis that only specifies the total limit and thus tends to benefit more efficient suppliers. Quotas are generally administered through a system of licensing.
A numerical limit on imports from a country for a product.
a restriction on the physical volume of imports (another term for a quota)
A restriction on trade, usually imports, that limits the quantity of the good or service that is traded. Quotas are the most common example. See “Non-Tariff Barrier,” “Quota” and “Tariff Rate Quotas.