USTR announced fiscal year 2023 allocation of additional tariff-rate quota volume for raw cane sugar
Jul 18, 2023The Office of the U.S. Trade Representative today announced country-specific in-quota additional allocations under the tariff-rate quota (TRQ) on imported raw cane sugar for Fiscal Year (FY) 2023 (October 1, 2022 through September 30, 2023).
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 July 10, 2023, the U.S. Department of Agriculture (USDA) announced an additional in-quota quantity of the TRQ for raw cane sugar for the remainder of FY 2023 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 World Trade Organization Agreement (1,117,195 MTRV). USTR is allocating this additional quantity of 125,000 MTRV to the following countries in the amounts specified below:
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