Definitions for "Tariff rate quota"
Keywords:  quota, duty, quantity, arancel, inquota
Provide a certain level of access (within-access) at a tariff rate that is usually lower than that charged on imports in excess of the quota volume (over-access). TRQs were established for many products for which non-tariff barriers had been replaced by tariffs through tariffication.
A combination of an import tariff and an import quota in which imports below a specified quantity enter at a low (or zero) tariff and imports above that quantity enter at a higher tariff. Also called a tariff quota.
( Arancel-cuota en español) mechanism that provides for the application of a customs duty at a certain rate to imports of a particular good up to a specified quantity (inquota quantity), and at a different rate to imports of that good that exceed that quantity.