import quota

Cultural  

1. A governmental restriction on the quantities of a particular commodity that may be imported within a specific period of time, usually with the goal of protecting domestic producers of that commodity from foreign competition. (See tariff.)

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Example Sentences

By lowering its tariff-free import quota and raising tariffs on excess imports, the EU is aiming to shore up a steel industry that has lost some 65 million tons of capacity since 2007, according to the bloc.

From The Wall Street Journal

Thailand had earlier this year increased its corn import quota to 600,000 tonnes from 54,700 tonnes, and cut import duties to alleviate a tight feed market, Bangkok-based traders said.

From Reuters

He has engaged in talks with Iran aimed at boosting Brazil’s urea import quota from the current one million tonnes to three million tonnes.

From Reuters

Biden also doubled an import quota on solar cells — the main components of panels that go on rooftops and utility sites — to 5 gigawatts, allowing a greater number of imported cells used by domestic manufacturers.

From Seattle Times

However, in more transactional areas such as trade, the Brazilians’ goodwill offerings, such as an annual import quota of 750,000 tonnes of tariff-free wheat, were not met in kind.

From Reuters