Export Quota Agreement

Summary of Export Quota Agreement

An arrangement arising under an international commodity agreement whereby each participating exporting nation is allocated a portion of the market. Participating importing nations agree to limit imports from nonmember nations. The object of the system is to maintain price stability, thus ensuring producer income.

(Main Author: William J. Miller)

Export Quota Agreement and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Export Quota Agreement: An arrangement arising under an international commodity agreementwhereby each participating exporting country is allocated a portion of the global market for the commodity. The purpose of the arrangement is to maintain price stability and ensure producer incomes.