U.S. Trade Representative announces Fiscal Year 2024 allocation of additional tariff-rate quota volume for raw cane sugar

Published 2024년 3월 18일

Tridge summary

The Office of the U.S. Trade Representative (USTR) has increased the quantity of raw cane sugar eligible for lower duty rate entry into the U.S. under the World Trade Organization (WTO) tariff-rate quota (TRQ) for Fiscal Year 2024. This is over and above the minimum amount committed by the U.S. under the WTO Agreement. The U.S. Department of Agriculture (USDA) has announced an additional in-quota quantity of the TRQ for raw cane sugar of 125,000 metric tons raw value (MTRV), which will be allocated to specific countries upon verification of origin.

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Original content

WASHINGTON – The Office of the U.S. Trade Representative (USTR) today announced the allocation of an increased quantity of raw cane sugar eligible to enter the United States at the lower duty rate under the World Trade Organization (WTO) tariff-rate quota (TRQ) for Fiscal Year (FY) 2024 (October 1, 2023, through September 30, 2024). TRQs allow countries to export specified quantities of a product to the United States at a relatively low tariff, but subject all imports of the product above a pre-determined threshold to a higher tariff. On March 7, 2024, the U.S. Department of Agriculture (USDA) announced an additional in-quota quantity of the TRQ for raw cane sugar eligible to enter the United States in FY 2024, in the amount of 125,000 metric tons raw value (MTRV). This quantity is in addition to the minimum amount to which the United States is committed under the WTO Agreement (1,117,195 MTRV). USTR is allocating this additional quantity of 125,000 MTRV to the following ...

Source: USTR