ANNOUNCEMENT 08 Dec 2011
In December 2011, the European Commission announced a change in import tariff quotas.
NUMBER OF INTERVENTIONS
On 8 December 2011, the European Commission issued Regulation (EU) No 1273/2011 introducing a global tariff quota on imports of certain rice and broken rice.
More specifically, the following global reduced tariff quotas are annually issued from 1 January every year:
These quotas are divided into country-specific import tariff quotas and further broken down into a number of subperiods. Additionally, an annual quota from 1 January of every year of seven tonnes of paddy ride falling under Hs code subheading 1006.10 is granted a reduced tariff of ad valorem 15%.
The import tariff quota is granted under an import licensing system. In 2013, the European Commission issued a regulation further specifying the import licensing system under the import tariff quota regime concerning rice. The resolution introducing the import tariff quota entered into force on the 20th day following its publication in the Official Journal of the European Union, i.e. on 28 December 2011. However, the import tariff quotas are effectively introduced on 1 January 2012.