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Import Quota
The financial definition for Import Quota:
Puts limits on the quantity of certain products that can be legally imported into a particular country during a particular time
frame. There is a Fixed quota, which is a maximum quantity not to be exceeded, and tariff rate surcharge, which permits additional quantities but at much higher duty.
Similar MatchesExport import Bank (Ex IM Bank)Export import Bank (Ex IM Bank) The US federal government agency that extends
trade credits to US companies to facilitate the financing of US exports.
Import substitution development strategyImport substitution development strategy A development strategy followed by many Latin American countries and other
LDCs that emphasize import
substitution-accomplished through protectionism-as the route to economic growth.
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