Tariff quota
Also called: TRQ · tariff-rate quota · tarife kontenjanı
A volume of imports that may enter at a reduced or zero duty during a period; imports above the volume pay the normal rate. Quotas may be allocated first come, first served at the moment of declaration, or through import licences issued in advance.
In practice
Once a first-come quota is exhausted, later consignments pay full duty, so timing of the declaration can be worth more than freight savings.
EU
Türkiye
USA
UKRelated terms
- Tariff suspension
- A full or partial waiver of normal duty for specific goods, usually raw materials, parts or components not available in sufficient quantity inside…
- TARIC
- The integrated tariff database of the European Union, managed by the Commission's DG TAXUD. It extends the CN code to ten digits and attaches all EU…
- Import licence
- An authorisation from a government agency required before or at import for specific goods, for reasons such as health, security, quotas or trade…
- MFN duty
- The normal duty a WTO member applies to imports from other WTO members unless a preference or special measure applies. In the EU it is called the…