The U.S. Trade Representative’s office Tuesday announced the country-specific and first-come, first-served in-quota allocations of the tariff-rate quotas for imported sugar.
The tariff-rate quotas, or TRQs, apply to raw sugar, refined and specialty sugar, and sugar-containing products, for fiscal year 2024, that begins October 1. 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.
Earlier this month, the 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, which is the minimum amount to which the United States is committed under the World Trade Organization Agreement.
USTR is allocating the raw cane sugar TRQ of 1,117,195 metric tons raw value, to a set of countries included in the announcement.