Tariff Quota

(redirected from Tariff Rate 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%.

References in periodicals archive ?

In addition, the VFA is hoping for a rice export deal with the Republic of Korea via the Tariff Rate Quotas (TRQs) system.

VN sees a chance to export 20K tonnes of rice to Egypt

'Japan is also a very promising market for Pakistan's leather products but in this sector as well Pakistani products face an average tariff of 16% along with Tariff Rate Quotas which is higher than that offered to India and Bangladesh thus rendering Pakistan's Leather products in-competitive', the Minister added.

Pakistan ,Japan can increase trade volume: Commerce Minister

"The sheep sector has huge potential, but the report recommends that the sector is protected from distorting trade imports and existing tariff rate quotas should not be extended.

'[euro]5.5bn sheep industry must be protected' - NFU Cymru

The US imports Philippine sugar under so-called tariff rate quotas, which permit purchases at a favorable tariff level from countries such as top producer Brazil, Thailand and others.

SRA turns to cloud-seeding as El Nino parches sugar fields

The deal will also create two tariff rate quotas (TRQs) for EU cheese entering Canada, one for 16,800 tonnes of "quality" cheese and another for 1,700 tonnes of "industrial" cheese.

EU, Canada negotiators wrap up free trade deal

The tariff rate quotas (ie where zero, or low tariffs are applied) given to US producers are just 5,000 tonnes a year.

TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP : PORK SECTOR CONTENTIOUS IN EU-US TRADE PACT TALKS

In this context, the EU had amended the original scheme to use tariff rate quotas (TRQs) on 20 products rather than full liberalisation in its revised draft submitted on Jan 20 with the WTO secretariat.

EU package awaits implementation

Twenty products of the package are subject to tariff rate quotas [TRQs] and will be eligible for import into EU duty free up to a specified quantitative limit.

WTO General Council approves EUs request of granting waiver to Pakistan

The EU presented a revised request for a waiver on trade preferences for 75 products from Pakistan, which it said now included 20 on which tariff rate quotas would be applied instead of full liberalization.

WTO approves EU waiver request for trade aid to Pakistan

Competing textile exporters such as Brazil, India, Indonesia and Bangladesh had opposed the plan but dropped their objections after the EU amended the scheme to use tariff rate quotas (TRQs) on 20 products rather than full liberalisation.

WTO okays EU trade help for Pakistan

KORUS FTA defines four mechanisms for establishing better access for agricultural products: (1) the immediate opening of certain markets without restrictions, (2) the phase-out of tariffs over a specified number of years, (3) the expansion of tariff rate quotas (TRQs), with the phase-out of over-quota tariffs and (4) the imposition of safeguard measures (USTR 2008) (table 4).

South Korea-U.S. free trade agreement will lower export barriers for California products