When import quotas are fixed after negotiations between the importing and exporting countries, it is known as
A)Import licensing
B)Mixing quota
C)Bilateral quota
D)Unilateral quota

Question

Quizplus · Accepted Answer

Bilateral quotas are established through negotiations between the importing and exporting countries, setting a fixed limit on the quantity of goods that can be traded.

When Import Quotas Are Fixed After Negotiations Between the Importing