Documents
Quota Allocation Letter
Document issued by the Ministry of Economy authorizing an importer to use a preferential tariff quota for a certain quantity of goods.
Document issued by the Ministry of Economy authorizing an importer to use a preferential tariff quota for a certain quantity of goods.
A quota allocation letter is the official document through which the Ministry of Economy authorizes an importer to benefit from a preferential tariff rate within a quota established by an FTA or other agreement.
Tariff-Rate Quota
A maximum quantity of merchandise that can be imported or exported at a reduced or zero tariff during a given period, with the general tariff applying to quantities exceeding the quota.
TariffsImport Quota
The maximum quantity of a product that can be imported at a preferential tariff rate during a specific period; beyond this, the MFN rate applies.
TariffsTariff-Rate Quota (TRQ)
A quota or determined volume of goods that can be imported at a reduced preferential tariff; once the quota is exhausted, additional imports pay the higher general tariff.
TariffsTariff Preference
A reduction or elimination of the import tariff granted to goods originating from a country with which an active trade agreement exists.