|NOUN || a tariff quota | tariff quotas |
NOUN article.ind sg | pl
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Usage Examples English
- 'Favourable tariff arrangement' means any reduction or suspension, even under a tariff quota, of a customs duty or charge having equivalent effect or of an agricultural levy or other import charge provided for under the common agricultural policy or under the specific arrangements applicable to certain goods resulting form the processing of agricultural products.
- The Hilton Quota is the informal name of the Tariff Quota now regulated by the Commission Regulation (EU) No 593/2013 for the European Union.
- In economics, a tariff-rate quota (TRQ) (also called a tariff quota) is a two-tiered tariff system that combines import quotas and tariffs to regulate import products.
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Contains translations by TU Chemnitz and Mr Honey's Business Dictionary (German-English only).
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