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Q.S.
- Quota share
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Qlty
- Quality
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qn.
- Quotation
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QRs
- Quantitative Restrictions
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Quantitative
Restrictions
- Explicit limits, usually by volume, on the amount of a specified commodity
that may be imported into a country, sometimes also indicating the amounts
that may be imported from each supplying country. Compared to tariffs, the
protection afforded by QR's tends to be more predictable, being less
affected by changes in competitive factors. Quotas have been used at times
to favor preferred sources of supply. The GATT generally prohibits the use
of quantitative restrictions, except in special cases, such as those cited
in Articles XX (which permits exceptions to protect public health, national
gold stocks, goods of archeological or historic interest, and a few other
special categories of goods), or Article XXI (which permits exceptions in
the interest of "national security"), or for safeguard purposes, when the
appropriate procedures in Article XIX have been followed.
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quay
- Solid structure alongside a navigable waterway, used for loading and
unloading of ships.
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Quotas and Quota System
- Absolute quotas permit a limited number of units of specified merchandise
to be entered or withdrawn for consumption during specified periods.
Tariff-rate quotas permit a specified quantity of merchandise to be entered
or withdrawn at a reduced rate during a specified period. Quotas are
established by Presidential Proclamations, Executive Orders, or other
legislation. The Quota System, a part of Customs' Automated Commercial
System, controls quota levels (quantities authorized) and quantities entered
against those levels. Visas control exports from the country of origin. Visa
authorizations are received from other countries and quantities entered
against those visas are transmitted back to them. Control of visas and
quotas simplify reconciliation of other countries' exports and U.S. imports.
See: International Monetary Fund.
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