Hidden Quotas In certain circumstances, nations may limit the supply of imported goods without explicitly placing trade quotas on other nations. For example, governments may place strict quality control restrictions on all goods that enter the country. While it may seem a simple best-practices move,...
Import quota helps protect the domestic market by generating local business of a country. This helps maintain the balance of payments equilibrium and keep the country's GDP in check. However, it may put the nation at the risk of retaliation from foreign markets through high tariffs on exports....
An example of an import quota is when the United States limits the importation of medical products from China by a given percentage. The limitation of import goods into a country is primarily geared towards protecting the local industries.Tariffs...
Agoodorservicebroughtintoacountryfromanothercountryandofferedforsale.Whilesomeimporteditemsoriginateinforeignsubsidiariesofdomesticcompanies,largeincreasesinimportstendtohurtsalesandprofitsofmanyfirmslocatedintheimportingcountry.Compareexport.Seealsobalance of trade,quota. ...
It also depends on whether or not the STE controls both the domestic market prices and owns/controls the import quota (and whether it is obligated to fill the quota or not). An empirical example of the rice STE in South Korea has simulations showing that an increase in imports can be ...
For example, a country may not allow the import of refined oil and instead encourage development of local oil refineries. The idea behind this strategy is to make a less developed country less dependent on international assistance and foreign direct investment until such time as it is can absorb...
and economic policy that advocates replacing foreign imports with domestic production. ①ISI is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. The term primarily refers to 20th-century development economics ...
Before timber export, a series of procedures including logging permit approval, species pricing approval, and export quota approval must be completed, which enhances the bargaining power. Secondly, Australia and New Zealand primarily supply China with radiata pine and other softwoods used in ...
While only in some special years (for example in 2002 and 2010), the tariff equivalents of the quota came close to or exceeded the upper limit, which demonstrated that MAFF’s intended regulation in 2002 and the rice traceability policy had significant effects on the imported rice. Therefore,...
Economics Letters 157: 141–44. [Google Scholar] [CrossRef] Gil-González, Diana, Mercedes Carrasco-Portiño, Ma Carmen Davó Blanes, Lucas Donat Castelló, Álvaro Franco-Giraldo, Rocio Ortiz Moncada, Marco Palma Solís, and et al. 2008. Appraissal of the millennium development goals by ...