Global Quotas-what is a Global Quotas?
Global quota (Global Quotas) belongs to the world's absolute quotas for countries and regions from any uniformly applied to the goods. Refers to the competent authorities usually have the application by the importer or past a certain period of actual imports to grant a certain amount until the total quota distribution have been exhausted, more than the total quota will not be imported.
Global quota - the definition and interpretation of Global quota is the quota of a State Government in a period of time for certain sensitive commodities imported or exported to the quantity or the amount of control, which was designed to adjust the international balance of payments and to protect domestic industrial and agricultural production, one of the measures is a non-tariff barriers . As the global quota is not limited to importing country or region, after the announcement of the quota, importers race to compete for the quota can be imported from any country or region.
Absolute quota is defined as a period of time, for certain commodities provides for a maximum amount or value of imports. Once you reach the highest level of respect can not be imported. Absolute quota is divided into two forms. First, adopt a "global quota", which applies to any country or region from the goods. The competent authorities or by the importer has to apply a certain period, the import performance in the past, granted a certain amount until the total quota until the issue is completed; secondly, to take the "country quota", which is the total quota by country and regional allocation of quotas. In different countries and regions such as exceeding a specified quota, it can not be imported. Tariff quota restrictions on imported goods is not an absolute amount, but in certain period of time a number of imported goods, giving low-tax, tax reduction or tax-free treatment to more than the quota of imported goods, then impose higher tariffs or additional tax and penalties.
Global quota - Quotas for a variety of ways, some statistical global implementation of the quota of more than 2,500 species. According to different criteria, quotas and relative absolute quota quotas, tariff quotas and non-tariff quotas, active and passive quota of the quota and other categories.
Global quota - future trends
Global quota system to protect domestic industries by limiting the cost of international trade, so long has been firmly opposed by advocates of trade liberalism. From 1947, the GATT began, GATT / WTO parties / members in order to reduce and eliminate the quota system has made a tremendous effort. In each round, or every new country (region) concluded or acceded to, the relevant countries (regions) almost always are required to significantly reduce or abolish the quota.
