Transportation
Import Quota
A government-imposed limit on the quantity of a product that can be imported during a specific period.
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Updated 2025-10-01
Definition
Import quotas control supply, protect domestic industries, and manage trade balances, often applying to sensitive goods.
Overview
Overview
Import quotas restrict trade volumes to prevent market flooding and maintain fair pricing for domestic producers.
Example
A country allows only 10,000 tons of sugar imports per year under an import quota to protect local farmers.
Tags
#Import Quota#Trade Control#Customs#Regulation#Supply Management
Related Terms
Import License
Customs Duty
Trade Compliance
