export quota

export quota definition - business

export quota

A restriction imposed by a country on the quantity or value of a particular class of exports. An export quota is designed to support world prices (for example, OPEC's petroleum export quotas) or protect domestic consumers against shortages and price increases.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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