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What is a Quota?
A restriction on specific goods that a country permits to be imported during a specified time before the imposition of added duties or can refer to a total restriction on a particular good entering a country. For example, Japan may allow the importation of 5,000 U.S. cars at a reduced or waived duty rate. Once car number 5,001 enters, either no more can enter or a significantly increased duty rate will apply. For more information please contact the International Trade Commission on (800) 872-8723.
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