EU/PHILIPPINES: EU green light for reduced tariff for tinned tuna imports
The European Union has lowered tariffs on tuna imports from the Philippines, Thailand and Indonesia. Tariffs have been reduced to 12% from the current 24%, effective 1 July, 2003. However, this only applies to a specified amount of tuna imports, known as tariff rate quota or TRQ. The TRQ in this case is 25,000 metric tons, and will be shared by exporters in the three countries.
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