Tariff Rate Quotas (TRQ)

Tariff Rate Quotas (TRQs) are trade measures that allow a specific quantity of a product to be imported at a lower customs duty (tariff) within a set volume, encouraging certain imports while protecting domestic industries. Once this quota is filled, additional imports face higher tariffs. Essentially, TRQs open limited access to international markets at preferential rates, balancing trade benefits with domestic protection. They help countries regulate imports, support producers, and manage market stability by controlling the amount and price of imported goods.