Available forms of import relief include:

Question

Quizplus · Accepted Answer

All of the above forms of import relief are available and can be used in different situations depending on the circumstances. Absolute quotas limit the quantity of imports allowed, while auctioned quotas allow a limited amount of imports to be sold through an auction process. Tariff increases can be imposed on imported goods up to 50 percent, making them less competitive with domestic products. Negotiated agreements can be used to reach mutually beneficial solutions to trade disputes.

Available Forms of Import Relief Include