In economics, atariff-ratequota is a two-tiered tariff system that combines importquotas and tariffs to regulate import products. TariffRateQuotas (TRQ) — Import Licensing Support. This dual-rate system is designed to balance domestic market protection with import liberalization obligations under international trade agreements. A typical TRQ arrangement inv... ATariffRateQuota (TRQ) is a trade mechanism that allows a specific quantity of goods to be imported at reduced tariffrates during designated periods, while higher rates apply to any quantity beyond the set limits. How do TRQs affect import costs? Tariff-ratequotas and safeguard quotasStaying compliant: what importers must doWhy this matters foryour business Tariffratequota - This allows a specific quantity of goods to be imported at a reduced tariff tax rate; after this limit is reached, the tariffrate increases. What Is aTariffRateQuota3 (TRQ) and WhatDoesTRQ Mean in Imports? Have you seen the term "TRQ" on trade documents and felt unsure what it meant? Ignoring this acronym can lead to massive, unexpected duty charges on your goods. For tariff-ratequotas, over-quotagoods can still enter, but they’re subject to the higher Column 1 duty rate from the HTS. That rate increase is often significant enough to wipe out the importer’s profit margin on the shipment. Warehousing and Foreign Trade Zones. Keywords: Importedgoods, agricultural goods, tariffratequotas, import permits. The TRQgoods may be imported under the authority of either a shipment-specific import permit or a general import permit (GIP) issued by Global Affairs Canada.