EPA & Tariff Rate Quotas

About TRQs:

According to the WTO, Tariff Rate Quota (TRQ) is an import regime in which quantities inside a quota are charged lower import duty rates, than those outside. The EU-Japan Economic Partnership Agreement provides 25 TRQs for a number of EU products to be imported in Japan on a preferential basis. These TRQs allow during a fiscal year, and for a limited volume (the aggregate quantity), a partial or total import duty suspension for the product concerned.

The complete text of the EPA, and Annexes can be found on the following website of the European Commission: http://trade.ec.europa.eu/doclib/press/index.cfm?id=1684

Publications:

A factsheet has been published on this topic. Please click here to get access.

In addition, a webinar was organised on this topic. To access the recording, please click here.