Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n):?

user-image
Question added by viki john
Date Posted: 2016/02/05
Md Fazlur Rahman
by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

In such a situation, the concerned country sets a quota (Limit) and issue import permits to business firms based on "quota" to restrict import. This sort of import restriction always favours corruption in the Bureaucracy

 

  

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

wait expert answer on this field