Tariff Quota

(redirected from Tariff Quotas)

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%.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
There is strong tension on the market and the Commission considers it advisable to encourage the supply of cereals on the Community market and consequently to suspend customs duties on the import of cereals under both reduced-duty tariff quotas and standard procedure imports.
Following negotiations conducted by the Commission, the EU would be prepared to open up the following tariff quotas:
Wine and certain fisheries products are subject to preferential tariff quotas. This is also the case for sugar, except for Croatia where the Commission says the matter is under negotiation.
Concessions are foreseen in the form of complete trade liberalisation for certain products, and reduced duties or tariff quotas for others.
The current banana tariff quotas for imports into the EU are as follows: