Basket Tariff Quota

Basket tariff quota in Global Commerce Policy

In this regard, basket tariff quota is: a tariff quota covering a range of closely related internationally traded products. The entries on trade policy are here. If a tariff quota is applied at the four-digit level under the Harmonized Commodity Description and Coding System (HS), it is still possible to give additional protection to sensitive products by splitting the four-digit level into six digits or more. Quota rights can then be allocated selectively within the entire four-digit range. The entries on trade policy are here. In this way, a tariff quota can be used as a protectionist measure even when it is allocated fully to importers.[1]

Basket tariff quotain the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Basket tariff quota” entry (OAS)

See Also