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 ?
ENPNewswire-September 4, 2019--Growth Energy, USGC, and RFA Comment on New Brazil Tariff Rate Quota
The EC also said that in two product categories, namely 13 (rebars) and 16 (wire rod), the mechanism put in place to ensure that the TRQ (tariff rate quota) is fully used has led to unintended effects.
The new agreement negotiated by the Trump Administration establishes a duty-free tariff rate quota (TRQ) exclusively for the United States.
This system, known as a tariff rate quota, is designed to guard against a surge of steel imports into the bloc that would otherwise have been headed for the US market were it not for the recent imposition of tariffs by US President Donald Trump.
'The largest Philippine sugar export market is the United States, as prices under the US tariff rate quota system are normally higher than world market prices,' the report read.
To make their situation worse, the commission also voted unanimously to set the tariff rate quota (TRQ) for washing machine parts at 50,000 and put a 50 percent tariff on excess quantities in the first year of enforcement.
Also, the Philippines has the third-largest tariff rate quota on raw cane sugar for US trade partners, after the Dominican Republic (at 185,335 tons) and Brazil (152,691 tons).
The quota proposed Thursday by the Commission will be made available for a period of two years, from January 1, 2016 until December 2017 and it will be opened once the existing duty free tariff rate quota of 56,700 tons enshrined in the EU-Tunisian Association Agreement is exhausted.
The European Commission proposes to offer until end of 2017 a unilateral annual duty free tariff rate quota of 35, 000 tonnes for Tunisia's exports of olive oil to the EU, in addition to the existing 56, 700 tonnes under the EU-Tunisia Association Agreement.
The government on Wednesday allowed export of an additional 2,095 tonnes of raw sugar to the US under the tariff rate quota (TRQ), under which low tariffs are permitted to shipments.
* tariff rate quota (TRQ) administration focused on managing persistently under-filled quotas;
Sharma said the issue to be addressed was not just food security, but inadequacies in the whole draft Bali proposals - whether on export competition; tariff rate quota (TRQ) administration; or trade facilitation, only lip service is paid to interests of developing countries in proposed texts which are devoid of substance, and consist largely of best endeavor provisions.