USTR Announces Reallocation of Unused FY 2014 World Trade Organization Tariff-Rate Quota Volume for Raw Cane Sugar
Washington, D.C. — The Office of the United States Trade Representative (USTR) today announced country-specific reallocations of the fiscal year (FY) 2014 in-quota quantity of the World Trade Organization (WTO) tariff-rate quota (TRQ) for imported raw cane sugar. 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.
Based on consultations with quota holding countries, USTR is reallocating 99,290 metric tons* raw value (MTRV) of the original TRQ for raw cane sugar from countries that have stated they will be unable to fill previously allocated FY 2014 WTO raw sugar TRQ quantities.
USTR is allocating this quantity to the following countries in the quantities specified below:
|Country||FY 2014 Reallocation|
These allocations are based on the countries’ historical shipments to the United States. The allocations of the raw cane sugar 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 to which an allocation is provided.
*Conversion factor: 1 metric ton = 1.10231125 short tons.
Thank you all for attending our first virtual annual meeting. Recordings are available on-demand. You may request them using the form below.