Skip to main content

Import Quota

Go Search
Home
About
New Atlas
Atlas, A-Z
Atlas Maps
MPP/MPA Programs
Subjects
Core Topics
Illustrative Courses
Topic Encyclopedia
Concept Dictionary
Competencies
Career Tips
IGOs
Best Practices Project


 
PPGPortal > Home > Concept Dictionary > I, J > Import Quota
 
Import Quota 

A limit on the amount of imported goods that can come into a particular country during a given period of time.

Peter Dungan, Toronto  PPG1002H, and

Mankiw, N., R. Kneebone, K. McKenzie and N. Rowe. Principles of Macroeconomics, 4th ed. Nelson College Indigenous, 2007.

----------------------

From International Trade Theory and Policy - Chapter 10-2:

“There are two basic types of quotas: absolute quotas and tariff-rate quotas. Absolute quotas limit the quantity of imports to a specified level during a specified period of time. Sometimes these quotas are set globally and thus affect all imports while sometimes they are set only against specified countries. Absolute quotas are generally administered on a first-come first-served basis. For this reason, many quotas are filled shortly after the opening of the quota period. Tariff-rate quotas allow a specified quantity of goods to be imported at a reduced tariff rate during the specified quota period.”

References:

Suranovic, Steven. International Trade Theory and Policy, Chapter 10-2. Accessed online at http://internationalecon.com/Trade/Tch10/T10-2.php.

 

     

Important Notices
© University of Toronto 2008
School of Public Policy and Governance