- Q.S. - Quota share
- Qlty - Quality
- qn. - Quotation
- QRs - Quantitative Restrictions
- Quadrilateral Meetings - These are meetings involving trade
ministers from the U.S., the European Community, Canada, and Japan
to discuss trade policy matters.
- 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.
- quay - Solid structure alongside a navigable waterway, used
for loading and unloading of ships.
- 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number of units of specified merchandise to be entered or withdrawn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a specified quantity of merchandise to be entered or withdrawn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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