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TeachMeFinance.com - explain Export allocations or quotas Export allocations or quotas The term 'Export allocations or quotas ' as it applies to the area of agriculture can be defined as ' Controls applied to exports by an exporting country to limit the amount of goods leaving that country. Such controls usually are applied in time of war or during some other emergency requiring conservation of domestic supplies, as well as to advance foreign policy and national security objectives of the exporting country. The European Union, in 1996, used a licensing system to allocate and restrict exports of wheat because of short supplies and high prices'. Previous 5 Terms: exponent exponential form exponential function exponential growth Export Administration Act (EAA) of 1979 Next 5 Terms: Export Credit Guarantee Programs (GSM-102-103) Export credit revolving fund Export Enhancement Program (EEP) Export Incentive Program (EIP) Export licenses About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.