International Quota Agreements , Economics, Microeconomics

Define International Quota Agreements,

• International Quota Agreements seek to prevent fall in commodity prices by regulating their supply. Under the quota agreement export quotas are determined & allocated to participating countries according to some mutually agreeable formula and they undertake to restrict the export or production by a certain percentage of the basic quota as decided by the central committee or council. the Coffee Agreement among the major producers of Latin America & Africa limited the amount that could" be exported by each country.
Posted Date: 1/30/2012 11:48:12 PM | Location : United States







Related Discussions:- International Quota Agreements , Economics, Assignment Help, Ask Question on International Quota Agreements , Economics, Get Answer, Expert's Help, International Quota Agreements , Economics Discussions

Write discussion on International Quota Agreements , Economics
Your posts are moderated
Related Questions
How are consequences of economists used? Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequenc

JOINT DEMAND AND COMPETITIVE

The prevention of major swings in economic activity can be handled most easily by the

Participation Rate:Proportion of working-age individuals who decide to ‘participate' in the labour force, by either being employed or actively seeking work. Precise definition of w

Elimination of waste - Stock Management Here is a definition of the elimination of waste: Anything other than the minimum amount of equipment, material, parts and working t

A Period of Transition and Improvement: These few years stand out as the golden years for India's BOP. India had a small current account surplus (0.6 per cent of the GDP on an

The circular flow diagram is used to represent the interdependence that exists between sectors of the economy.  The diagram illustrates that there are various collections of same e

Society of International Financial Telecommunications: The foreign exchange market operates worldwide, that is, the reach of the foreign exchange market is global. The foreign

How to solve general equilibrium in pure exchange economy with 2 consumer and 3 commodities

PARALLEL ECONOMY: What is in popular parlance known as black money, and is, misleadingly called the 'parallel' economy, (as it operates very much with and within the legal, fo