What is Quota Management?
Quota Management The process of monitoring and administering quantitative restrictions or limits on the import or export of certain goods, as set by trade agreements or national policies.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Quota Management” Used in Practice?
Quota management systems ensure that import volumes do not exceed the agreed country limits under international trade agreements.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Quota Management?
The process of monitoring and administering quantitative restrictions or limits on the import or export of certain goods, as set by trade agreements or national policies.
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