Every year, typically in late September or early October, Beijing unveils its import quotas for the following year, covering essential agricultural products such as wheat, rice, corn, cotton and ...

Import quotas allow a certain amount of an item to be imported, preventing a tax from adding to the final price paid by consumers.

The import quota was originally set by a presidential Cabinet Committee in February; at that time it was ruled that imports should not exceed the level of 1954, when they accounted for 16.6% of ...

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Trade negotiations between the US and Mexico are homing in on a possible quota system to reduce tariffs on a certain volume of steel imports, a move seen as assuaging concerns of American ...