What is meant by quantitative restrictions in the context at agricultural trade? How does it impact domestic concerns at Indian agricultural
Answers
Ans: Concerning the context of agricultural trade, the term “quantitative restrictions” refers to the quotas or the explicit limits which are set on the physical quantities of various products which are being exported or imported at a given time period.
The limits may vary depending on the origin country or the destination country.
This is beneficial for the Indian domestic agricultural products as the products do not face direct competition with foreign goods.
Answer:
Concerning the context of agricultural trade, the term “quantitative restrictions” refers to the quotas or the explicit limits which are set on the physical quantities of various products which are being exported or imported at a given time period.
The limits may vary depending on the origin country or the destination country.
This is beneficial for the Indian domestic agricultural products as the products do not face direct competition with foreign goods.