Export Quota

Export Quota 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: A specific restriction or ceiling imposed by an exporting country on the value or volume of certain exports. Some international commodity agreements explicitly indicate when producers should apply such restrictions. Export quotas are also often applied in orderly marketing agreements and voluntary restraint agreements.

Export Quota in International Trade

Meaning of Export Quota, according to the Dictionary of International Trade (Global Negotiator): A specific restriction on the value or volume of exports of a specified good imposed by government of the exporting country. This restraint may be intended to protect domestic producers from temporary shortages of certain materials, or as means to moderate world prices of specified commodities. Commodity agreements sometimes contain explicit provisions to indicate when export quotas should go into effect among producers. Export quotas are also used in connection with orderly marketing and voluntary restraint agreements. See also import quota.