A limit on the import or export of a particular product imposed by a government. Import quotas may be imposed as protectionism; export quotas may be imposed in countries that depend on the export of a particular raw material, as a means of stabilizing prices. Quotas are usually controlled by the issue of licences. Tokatli (2007) J. Econ. Geog. 7, 1 explains that transnationals can relocate production from one country whose annual quota is exhausted to another whose quota has not been filled or that is not bound by quotas, in the process playing off different producers and governments against each other. The Multi-Fibre Arrangement, which has governed the international trade in textiles since 1974 through sets of trade restrictions and quotas, terminated in 2005. In consequence, Hale and Burns in A. Hale and J. Wills, eds (2005) expect a large-scale shift in manufacturing to the lowest-cost areas of production, such as China and India.