United States (US) and European Union (EU) officials met this week to negotiate a new Tariff Rate Quota Agreement (TRQ) in the aftermath of the United Kingdom’s (UK) 2021 exit from the EU. A portion of the UK’s agricultural export quotas has been reallocated to the US, increasing the number of agricultural products the US can export to EU member countries at zero or reduced tariff fees.
“The Agreement, once implemented, will enable the United States to preserve its existing access to the EU market for various agricultural commodities following the United Kingdom’s exit from the EU on January 1, 2021.
The new TRQ allocations are based on the historic pattern of agricultural exports to the 27 EU Member States. The Agreement will restore favorable market access for multiple U.S. agricultural products, including for U.S. rice, almonds, wheat, and corn.”
Ambassador Katherine Tai
United States Trade Representative
Tariff Rate Quota Benefits to the US
The United States benefits from the European Union Tariff Rate Quota Agreement (TRQ) in several ways:
Some of the US agricultural products receiving benefit under the newly signed TRQ include:
Beef
Pork
Skim milk powder
Potatoes
Tomatoes
Carrots and turnips
Cucumbers
Almonds
Sweet Cherries
Dried onions
Wheat
Barley
Maize
Paddy Rice
Fruit juices
Processed shrimp
Dog and cat food
Plywood of coniferous species
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