Import quota

An import quota is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.^[1]

Quotas, like other trade restrictions, are typically used to benefit the producers of a good at the expense of consumers in that economy. Quotas are considered to be less economically efficient than tariffs, which in turn are less economically efficient than free trade.

See also

• Non-tariff barriers to trade
• Production quota
• Tariff-rate quota

References

International trade
Terminology	Absolute advantage Balance of payments Balance of trade Capital account Comparative advantage Current account Export-oriented industrialization Fair trade Foreign exchange reserves Globalization Import substitution industrialization Net capital outflow Outsourcing Tariff Trade justice Trade war Trading nation
Organizations and policies	International Monetary Fund (IMF) United Nations Conference on Trade and Development World Bank Group World Trade Organization (WTO) International Trade Centre Bilateral investment treaty Economic integration Free-trade zone Special economic zone Trade agreement Trade barrier Trade bloc
Political economy	Free trade (Adam Smith, The Wealth of Nations, Repeal of the Corn Laws) Mercantilism Protectionism (Economic nationalism, Autarky)
Regional organizations	ACU ASEAN CACM CAN CARICOM CEMAC CUBKR EAC EAU EU GCC Mercosur RCEP SAARC SACU WAEMU
Exports by product	Aircraft & Spacecraft Aircraft parts Aluminium Cars Car parts Coal Coffee Computers Copper Corn Cotton Diamonds Electricity Engines Gas turbines Gold Integrated circuits Iron ore Natural gas Oil Petrol Pharmaceuticals Ships Steel Telecommunications equipment Telephones Trucks Wheat Wine
Category Commons