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LSDefine

Simple English definitions for legal terms

import quota

Read a random definition: de debitore in partes secando

A quick definition of import quota:

Import Quota: A limit on the amount of a certain product that can be brought into a country from another country. This is done to protect domestic industries from foreign competition. For example, if too many cars are being imported from another country, the government may establish an import quota to limit the number of cars that can be brought in.

A more thorough explanation:

An import quota is a restriction on the amount of a certain product that can be brought into a country from a foreign country. This means that only a certain amount of the product can be imported, and anything beyond that amount is not allowed.

  • The United States may establish an import quota on steel from China if it is determined that the steel is being sold at unfairly low prices, which could harm the domestic steel industry.
  • Japan may establish an import quota on rice from Thailand to protect its own rice farmers from competition.

These examples illustrate how import quotas can be used to protect domestic industries from foreign competition. By limiting the amount of a certain product that can be imported, the government can help ensure that domestic producers are not unfairly harmed by foreign competition.

import letter of credit | import recording

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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
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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