What is the Hilton Quota and how the Government distributed it this year in Argentina

Published 2022년 7월 28일

Tridge summary

The Ministry of Agriculture in Argentina has distributed the Hilton Quota, which allows 29,500 tons of high-quality chilled and boneless meats to enter the European Union tariff-free from July 1, 2022, to June 30, 2023. The allocation was based on the 'first arrived, first served' criterion and was awarded to 48 applicants, including companies and joint projects. The quota includes various cuts of beef and a smaller quota for buffalo meat. However, the history of this quota has not been smooth, with Argentina failing to meet its export commitments for a decade, which put the continuity of the Hilton Quota at risk. The country only began to correct this issue in 2019, but the pandemic in 2020 affected meat exports to the EU, although exports recovered in 2021 due to increased prices.

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Original content

The Ministry of Agriculture assigned the distribution of the 29,500 tons of the Hilton Quota, the quota authorized to enter the European Union with tariff preferences and that Argentina established for the period between July 1, 2022 and June 30, 2023 . These are the highest quality chilled and boneless meats, which can enter that block without paying tariffs. Every year the Ministry of Agriculture, Livestock and Fisheries of the Nation distributes the quota among the applicants, demanding as a requirement the maintenance of the production quality standards required by European countries. The allocation of the quotas was established through resolution 237/2022 published this Thursday in the Official Gazette, which ordered the distribution of 28,174.061 tons, while the Free Availability Fund was made up of 1,214.939 tons and another 111 tons were awarded to refrigerators that will export to the United Kingdom of Great Britain and Northern Ireland. There were 72 applicant firms to ...

Source: Mdzol