Glossary

1. Quantitative quotas (to be clearly distinguished from tariff quotas) consist of fixing the maximum quantity of a certain commodity whose import (or export) is authorised for a certain period. The arrangements vary widely. The quota may be global and impose no particular formalities on operators, who will simply be refused the goods when the quota is reached. Imports may be subject to a licence or a quota certificate.2. Tariff quotas. A tariff quota can be defined as a partial or total reduction in a tariff for a given good, for a given origin and for a limited quantity of goods. When the quota is reached, the duty is re-established.