A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A tariff applying to goods imported within a limit in value or quantity. A higher tariff applies to goods imported above the quota.
Related terms:
A quota that is determined on the basis of the applicable tariff rate applied to imports. A predetermined amount of a good is allowed to enter at a reduced or zero tariff rate. After the quota has been filled, all subsequent shipments of that good during a specific period of time, such as a calendar year, are assessed a higher import tariff, usually the normal most-favored-nation tariff.
Source: http://usinfo.state.gov/products/pubs/trade/glosssz.htm#s
CURRENT ACCESS TARIFF QUOTAS - Access opportunities to be opened for agricultural products where non-tariff measures have been converted into tariffs. A formula was devised during the Uruguay Round negotiations whereby the level of access to be opened for a given product was determined through a comparison of the level of imports with consumption during the base period. Current access levels were adopted to ensure that imports represented at least 5% of domestic consumption applying in the Uruguay Round base period of 1986-88.
Source: Walter Goode: Dictionary of Trade Policy Terms, Fourth Edition, (Cambridge University Press/WTO, 2003), p.89
MINIMUM ACCESS TARIFF QUOTAS - A mechanism giving a minimum level of access opportunities for agricultural products where non-tariff measures have been converted into tariffs. The Uruguay Round negotiations led to a formula whereby the level of access to be opened for a certain product was based on the import/consumption ratio during the 1986-88 base period. In countries where imports were less than 3% of consumption during the base period, access was to be increased immediately to 3% and expanded to 5% by the end of the Uruguay Round implementation period for agriculture commitments.
Source: Walter Goode: Dictionary of Trade Policy Terms, Fourth Edition, (Cambridge University Press/WTO, 2003), p.229