EU’s position in WTO on review of tariff rate quotas
The TRQ Understanding governs the management of tariff rate quotas of agricultural products, which set the threshold at which foreign goods can be imported at reduced tariff rates.
It is reviewed every four years, the last review being in 2018. Those findings will be presented at the WTO meeting next month. As a consensus is required for substantive amendments, but has not been achieved, the review period has been extended until the end of 2021. The EU has expressed its position on the EU’s behalf in this process.
The meeting will be interesting in the context of major complaints from non-EU countries complaining about the impact of Brexit on their market access and export services.
For details of the EU’s current position, see Council Decision 2019/1955 in the Official Journal, published today.