Full formBusiness & Corporate
MEQstands forMinimum Export Quantity
Full Form of MEQ
What is MEQ?
MEQ stands for Minimum Export Quantity, a regulatory threshold set by the Directorate General of Foreign Trade (DGFT) in India to specify the smallest amount of a commodity that must be exported in a single shipment or within a defined period. This policy tool is used primarily to prevent fragmented or speculative exports, ensure quality consistency, and align with international trade agreements. MEQ is commonly applied to agricultural produce, textiles, and industrial raw materials where bulk handling or quality assurance is critical. In India, the DGFT publishes MEQ limits in the Foreign Trade Policy (FTP) and updates them periodically based on domestic production, global demand, and strategic interests. Exporters must comply with these limits to avoid penalties or loss of incentives under schemes like the Merchandise Exports from India Scheme (MEIS). Understanding MEQ is essential for businesses engaged in cross-border trade, especially for small and medium enterprises that need to plan their logistics and production volumes accordingly. For competitive exams like UPSC, SSC, and banking, MEQ is a frequently tested concept under the ‘Foreign Trade Policy’ section, as it directly impacts India's export competitiveness and balance of trade. Compliance with MEQ also helps customs authorities monitor export flows and prevent under-invoicing.
MEQ का फुल फॉर्म
न्यूनतम निर्यात मात्रा
Example
The DGFT has revised the MEQ for basmati rice from 100 kg to 250 kg per consignment to stabilize international pricing.
MEQ — frequently asked questions
What is the full form of MEQ?
The full form of MEQ is Minimum Export Quantity, a minimum limit set by the DGFT for exporting certain goods from India.
How is MEQ different from MOQ in business?
MEQ is a government-imposed minimum for exports, while MOQ (Minimum Order Quantity) is a commercial term set by sellers for domestic or international buyers.
Where can I find the current MEQ list for Indian exports?
The current MEQ list is published in the DGFT's Foreign Trade Policy and can be accessed on the official DGFT website under the 'Policy' or 'Notifications' section.