Tariff Quota

Tariff Quota

A reduced tariff applied to a certain quantity of an import. For example, a country may apply a tariff quota of 5% for the first 100,000 units of a good received each year, at which time the tariff increases to 10%.
References in periodicals archive ?
If the full parliament follows the trade MEPs' recommendation, a two-year temporary zero-duty tariff quota of 35,000 tonnes per year (70,000 tonnes in total) for EU olive oil imports from Tunisia will be available from January 1, 2016 to December 31, 2017," reads an EP press release.
Tariff quota administration: A proposal to deal with the way a specific type of import quota ("tariff quotas") is to be handled when the quota is persistently under-filled.
The study recommended that tariff quota method should be adopted for import of steel, iron, pharmaceutical and agriculture sector goods from India under MFN status regime.
The US was keen to move fast and lifted all the remaining trade sanctions on EU products in May last year, ushering in Phase 2', ie the complete suspension of duties on the above EU products in exchange for an annual tariff quota increased from 20,000 tonnes to 45,000 tonnes.
Tariff quota items are going to be expanded to 111 items in the second half of 2011.
The opportunity has come in to light for island nation's tea exporters under a preferential tariff quota scheme offered by Iran.
The European Communities' current banana import regime, in particular its preferential tariff quota reserved for Africa-Caribbean-Pacific (ACP) countries, is inconsistent" with global trade rules, the WTO said.
9% tariff quota, with additional amounts attracting Euro 1,024/ton duty, said Brussels.
The SUA letter noted the 2007 raw sugar tariff quota "has now been set at a level which recognizes the need for higher imports.
A temporary tariff quota of 353 000 t was added when Austria, Finland and Sweden joined the European Union.
Currently, rice imports in South Korea have been restricted under a tariff quota system warranted by the global trade rules of the World Trade Organization, according to top Thai trade negotiator Apiradi Tantraporn.
The tariff quota for pork is only 11,000 tonnes at a tariff rate falling to 125 [euro]/tonne.