Tariff Quota

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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 ?
The Director General of Fisheries and Aquaculture Management, Jos Luis Gonzlez Serrano, today held a meeting with representatives of the extractive tuna sector and the processing and canning industry, which has addressed the future negotiation to establish the tariff quotas of loins of tuna for the 2019-2021 triennium.
The volumes under tariff quotas for sensitive products.
The law defines the procedure for application of import and export customs duties, establishment of export duties, peculiarities for application of import duties depending on the country of goods origin and conditions of their admission, as well as features of tariff preferences and tariff quotas.
Canada--whose various dairy policies have been questioned repeatedly over the years--said this would reduce exporters trying to use packaging to reclassify products and get around tariff quotas.
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.
24-hour control of the transport of passengers and goods at borders is provided through the upgraded one-stop shop system on permits for import, export and transit of goods and tariff quotas (EXIM system), which is now an electronic link between the Ministry of Transport and Communications and the Customs Administration.
Concessions granted by Norway to the EU: Additional full liberalisation representing roughly 20% of the EU exports to Norway, or 250 million; new tariff quotas in the meat sector (600 tonnes for swine meat, 800 t for poultry and 900 t for bovine meat); additional tariff quotas concerning cheese (2,700 t), cereals (durum wheat 5,000 t, maize 10,000 t, rye 1,000 t), fruit and vegetables (strawberries 300 t, potatoes 3,000 t, lettuce 400 t), meat products (sausages 200 t, ham 200 t, bacon crisp 100 t, meatballs 50 t) and juices (apple 1,000 t, bilberry 200 t, blackcurrant 150 t).
Those expected to have shortages in supply, particularly pork, mackerel, and squid, will have extended tariff quotas and lower tariffs.
The Department for Business, Innovation & Skills said engineering firms could be eligible for the EU Duty Suspensions and Tariff Quotas programme, which suspends import duties for raw materials or components not manufactured in the EU.
More specifically, on Morocco's side, EU fruit and vegetables and tinned goods, with the exception of beans, sweet almonds, apples and tomato concentrate (for which tariff quotas have been negotiated) will be entirely liberalised within ten years.
In fact, the WTO defined it as a good system for the management of tariff quotas in its resolution of the Ecuador panel in 1999.
Previously, zero tariff quotas only applied to foreign automakers with production bases in Mexico (including four Japanese firms); others faced tariffs of 50% on car imports, effectively pricing Japanese (and some other foreign) automakers