The EU has decided on the tariff rate quotas (TRQs) it will apply after Brexit in respect of a number of agricultural, fish, industrial and processed agricultural products. EU ambassadors in Coreper endorsed a deal with the European Parliament on the draft regulation setting these new quotas.
EU ambassadors in Coreper today endorsed a deal with the European Parliament on the draft regulation setting these new quotas.
TRQs reflect the maximum quantity of imports of a given category of goods on which a country member of the World Trade Organization (WTO) has pledged to charge low import duties rates.
Next steps
Following its formal adoption by the European Parliament and the Council, the regulation will enter into force on the day of its publication in the Official Journal of the European Union. The new TRQs will apply as from the day after the UK's withdrawal from the EU.
See agreed text here
© European Council
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