TARIFF RATE QUOTA

Domain	Definition
Agriculture	A trade policy tool used to protect a domestically-produced commodity or product from competitive imports. A tariff rate quota (TRQ) combines two policy instruments that nations historically have used to restrict such imports: quotas and tariffs. In a TRQ, the quota component works together with a specified tariff level to provide the desired degree of import protection. Imports entering during a specific time period under the quota portion of a TRQ are usually subject to a lower, or sometimes a zero, tariff rate. Imports above the quota's quantitative threshold face a much higher (usually prohibitive) tariff. Currently, TRQs apply to U.S. imports of certain dairy products, beef, cotton, peanuts, sugar, certain sugar-containing products, and tobacco. (references)
Source: compiled by the editor from various references; see credits.

Non-Fiction Usage: TARIFF RATE QUOTA

Subject	Topic	Quote
Economic History	Guatemala	The Government of Guatemala established a Tariff Rate Quota of 1595 for 1999, same for 2000. (references)
	Hungary	Exporters should be aware that market limitations exist due to Hungary's tariff rate quota system. (references)
	Guatemala	Guatemalan apple imports from the U.S. have grown steadily in the past five years, even though imports continue to be under a Tariff Rate Quota. (references)
Political Economy	THAILAND	Corn and fresh potatoes are subject to a Tariff Rate Quota (TRQ) that limits import levels. (references)
	RUSSIA	For sugar, Russia also has resorted to high seasonal tariffs on top of these rates and the introduction of a tariff rate quota. (references)
	MALAYSIA	Tariff Rate Quota for Chicken Parts: Although the government applies a zero import duty on chicken parts, imports are regulated through licensing and sanitary controls, and import levels remain well below the minimum access commitments established during the Uruguay Round. (references)
Trade	Poland	The tariff rate quota for poultry meat, which will be adjusted upward annually as Poland's domestic output expands, is estimated at 47,736 for 2001. The above quota tariff is presently set at 60%, which is one half the maximum rate that Poland may apply under the Agreement. (references)
	Taiwan	The US-Taiwan WTO pre-accession agreement calls for Taiwan to reduce tariffs on an additional 33 agricultural products upon accession and to complete staged tariff reductions on nearly 100 more agricultural items (including beef, sugar, milk and fishery products), reaching final tariff levels, and/or maximum tariff rate quota (TRQ) access quantities, by January 1, 2004. (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.