Air Freight News

USTR announces reallocation of unused fiscal year 2024 WTO tariff-rate quota volume for raw cane sugar

Nov 29, 2023

The Office of the U.S. Trade Representative today announced the reallocation of the unused country-specific quota allocations under the tariff-rate quotas (TRQs) on imported raw cane sugar 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 July 5, 2023, the U.S. Department of Agriculture announced the establishment of the in-quota quantity for raw cane sugar for FY 2024. The in-quota quantity for the TRQ on raw cane sugar for FY 2024 is 1,117,195 metric tons raw value (MTRV), which is the minimum amount to which the United States is committed under the World Trade Organization (WTO) Agreement. On July 19, 2023, USTR provided notice of country-by-country allocations of the FY 2024 in-quota quantity of the WTO TRQ for imported raw cane sugar. Based on consultation with quota holders, USTR has determined to reallocate 223,740 MTRV of the original TRQ quantity from those countries that have stated they do not plan to fill their FY 2024 allocated raw cane sugar quantities. USTR is allocating the 223,740 MTRV to the following countries in the amounts specified below:

Country

FY 2024 Raw Sugar Unused Reallocation (MTRV)

Argentina

15,592

Australia

30,098

Belize

3,989

Bolivia

2,901

Brazil

52,581

Colombia

8,703

Costa Rica

5,439

Ecuador

3,989

El Salvador

9,428

Eswatini (Swaziland)

5,802

Guatemala

17,406

Guyana

4,352

Honduras

3,626

Jamaica

3,989

Malawi

3,626

Mauritius

4,352

Mozambique

4,714

Panama

10,516

Peru

14,868

South Africa

8,340

Thailand

5,077

Zimbabwe

4,352

The allocations of the raw cane sugar WTO TRQ to countries that are net importers of sugar are conditioned on receipt of the appropriate verifications of origin. Certificates for quota eligibility must accompany imports from any country for which an allocation has been provided.

Similar Stories

NABTU Statement on Trump-Vance Inauguration

“North America’s Building Trades Unions congratulate President Donald J. Trump on his inauguration as the 47th President of the United States of America and Vice President JD Vance as the…

View Article
https://www.ajot.com/images/uploads/article/Stainless-steels-and-special-alloy.png
Alleima relaunches high-strength and corrosion-resistant steel for sustainable energy sectors
View Article
https://www.ajot.com/images/uploads/article/November-2024-Freight-Shipment-Index-Infographic-%281%29.png
November 2024 Freight Transportation Services Index
View Article
Viet Nam hosts 16th United Nations Conference on Trade and Development In October 2025

UN Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan announced today that the sixteenth session of the United Nations Conference on Trade and Development (UNCTAD 16) will take place in Viet…

View Article
United States and Norway issue innovative report creating greater transparency in critical mineral supply chains

Today, the U.S. Department of Commerce and the Norwegian Ministry of Trade, Industry, and Fisheries issued a thorough, innovative report presenting our shared understanding of non-market policies and practices (NMPPs)…

View Article
December CNBC/NRF retail monitor results show strong growth boosted by final Thanksgiving weekend days

Retail sales jumped strongly in December, boosted in part by two busy holiday shopping days during Thanksgiving weekend falling in the final month of the year, according to the CNBC/NRF…

View Article