A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as:

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An import quota restricts the amount of a foreign produced good that can enter a country over a given time period. This is often done to protect domestic industries from foreign competition, and can also be used as a bargaining tool in international trade negotiations. A domestic subsidy provides financial assistance to domestic producers to encourage production, while an export subsidy provides financial assistance to domestic producers to encourage exports. An export quota restricts the amount of domestically produced goods that can be exported to other countries.

A Specification of a Maximum Amount of a Foreign Produced