December 17, 2018 — The European Council has announced the new autonomous tariff quotas (ATQs) for 2019-20 on Dec. 11, providing reduced or duty-free import rates for certain products from outside the EU.
By far the biggest beneficiary of the ATQs is Alaskan pollock, which has been granted an extra 20,000 metric tons of tariff-free imports by the new ATQs. This brings the total annual tariff-free import quota of the species to 320,000t.
Undercurrent News understands that the additional quota was provided so that a quirk in legislation could be avoided. Under official EU rules, importers must begin paying a duty on additional volume once 80% of the quota is reached. While this fee is eventually returned, importers see it as an administrative hassle.