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International Trade & Logistics Terminology

Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.

Tariff Quotas

Tariff Quotas A tariff rate quota (TRQ) applies a lower tariff to imports within a certain quantity, while a higher tariff applies to any excess. It is commonly used for agricultural products and sensitive items. Companies should pay attention to the quota's availability and application rules, and plan their purchases and customs clearance in advance to gain cost advantages.

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