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.


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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