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Simple English definitions for legal terms

export quota

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A quick definition of export quota:

Export Quota: A limit on the amount of products that can be sold to other countries. The government can set these limits for different reasons, like protecting national defense or keeping prices stable. Import quotas are limits on the amount of products that can be brought into a country from other countries. The President can set these limits if a product could harm a domestic industry.

A more thorough explanation:

An export quota is a restriction on the amount of products that can be sold to foreign countries. This means that a country can only export a certain amount of a particular product to other countries.

For example, the United States government may establish an export quota on certain products for various reasons such as national defense, price support, and economic stability. This means that only a limited amount of that product can be sold to other countries.

Another type of quota is an import quota, which is a restriction on the volume of a certain product that can be brought into the country from a foreign country. For instance, the President of the United States may establish an import quota on an item that poses a threat of serious injury to a domestic industry.

Overall, quotas are used to regulate trade between countries and protect domestic industries from foreign competition.

export letter of credit | export tax

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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