Quantitative restrictions

Explain Quantitative restrictions

 

Restrictions which limit the quantity of merchandise permitted to enter or leave a country. They are imposed by means of quotas or licensing systems and can be applied to both imports and exports. These restrictions may be applied in a “selective” basis, with the varying limits set according to the country of origin, or quantitative global basis that only specifies the total limit and thus tends to benefit more efficient suppliers.

 

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VARUN SHARMA: i m started the business of export import, so give a right suggestion how can i improved my theortical or practical knwldg

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