Join / Sign In
< Back to questions :: Q&A / B2B / Aerospace and Defense

Tariff Rate Quota

B2B
Aerospace and Defense
From Estonia
To Japan
43 views / 0 experts
Dave B.
Not rated
Jul 28, 2020
What is a Tariff Rate Quota (TRQ)?

1 answer

You don't have permission to adding answer or comment.
Please register or login for doing this.
Jul 28, 2020

Tariff-rate quotas (TRQs) apply to imports of goods and are almost exclusive to agricultural goods. TRQs limit the amount of certain goods that may be imported into a country at reduced or zero rates of Customs Duty over a specified period of time. The limit may be expressed in units of weight, volume, quantity or value. Quantities exceeding the quota are subject to a higher duty rate. TRQs protect domestic producers from having to face competition from large quantities of imports, however they also allow exporters some access to the market.

read more
No comm.

Top Rated Experts

Ashwin Kamath
Ashwin K.
Robert Lockett
Robert L.
Stephanie Duong
Stephanie D.
This website uses cookies. By using this website, you consent to our use of these cookies