The Limited Global Quota for Upland Cotton is a provision of the Food and Agriculture Act of 1977 (P.L. 95-113) that authorized the President to proclaim an import quota whenever the USDA determines that the spot market average price in any one month exceeds 130% of the previous 36-month average. If triggered by such a determination, the established quota allows for imports of up to 21 days of mill consumption during a 90-day period. A limited global quota cannot overlap with the step 3 quota, one of the cotton competitiveness provisions. The statutory provision is 7 USC 7937 - Sec. 7937
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| - Limited global quota for upland cotton (en)
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| - The Limited Global Quota for Upland Cotton is a provision of the Food and Agriculture Act of 1977 (P.L. 95-113) that authorized the President to proclaim an import quota whenever the USDA determines that the spot market average price in any one month exceeds 130% of the previous 36-month average. If triggered by such a determination, the established quota allows for imports of up to 21 days of mill consumption during a 90-day period. A limited global quota cannot overlap with the step 3 quota, one of the cotton competitiveness provisions. The statutory provision is 7 USC 7937 - Sec. 7937 (en)
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| - The Limited Global Quota for Upland Cotton is a provision of the Food and Agriculture Act of 1977 (P.L. 95-113) that authorized the President to proclaim an import quota whenever the USDA determines that the spot market average price in any one month exceeds 130% of the previous 36-month average. If triggered by such a determination, the established quota allows for imports of up to 21 days of mill consumption during a 90-day period. The limited global quota is among several provisions authorized in the bill to keep the U.S. upland cotton spinning industry competitive. These provisions include a special import quota, a limited global import quota, and an economic adjustment assistance payment to users of upland cotton. A limited global quota cannot overlap with the step 3 quota, one of the cotton competitiveness provisions. The statutory provision is 7 USC 7937 - Sec. 7937 (en)
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