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Difference Between Tariffs And Quotas

Difference Between Tariffs And Quotas

Discuss Difference Between Tariffs And Quotas within the Export - Import Procedures forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Difference Between Tariffs And Quotas A tariff is usually an import duty placed on foreign goods to make them more ...

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Difference Between Tariffs And Quotas
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Vineet Bisht
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vinbisht
Student of B.C.A at Govt. college Itanagar
Itanagar, Arunachal Pradesh
 
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Join Date: Nov 2010
Location: Itanagar, Arunachal Pradesh
Difference Between Tariffs And Quotas - November 16th, 2010

Difference Between Tariffs And Quotas


A tariff is usually an import duty placed on foreign goods to make them more expensive in a national market; this theoretically has the effect of increasing the

competitiveness of national industries.

A quota is a set quantity of material which must be delivered, produced, or acquired in order to fill a requirement. If a garment factory owner mandates

that his workers produces 20 garments per day, the workers have a 20-garment quota
1. A tariff is a tax on an import. A quota just limits the number of imports. Both are protectionist measures which restrict international trade.
Tariff's are imposed by the government and their revenues do accrue to the government.

2. Taxes are collected internally while tariffs are collected on imports.

3. A tariff is a tax on an import. A quota just limits the number of imports. Both are protectionist measures which restrict international trade.
Tariff's are imposed by the government and their revenues do accrue to the governme...

4. tariff is a tax on items and such a quota is a fixed percentage that is required for whatever needs
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