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
what is the theory of supply


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

how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded

In the case of a tax abolition on food staples, what are the short run and long run effects?

Why demand curve is always negative and write its effects.


Q. What is Exchange Rate? Exchange Rate: The ‘price' at which currency of one country can be converted into the currency of another country. A country's currency is ‘strong,'or

Policy Orientation for Private Sector Investment The policy perspective in the matter of funding is undergoing a steady transformation aimed at according an increasing role to

How would you convert from moles of iron(III) oxide to moles of carbon monoxide?