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“We'll definitely have to open up the TRQ to help meet demand," said Cory Martin of the American Bakers Association, an industry group whose members include General Mills Inc. and Krispy Kreme Doughnut Corp.”
“Even if the sugar-beet harvest, which begins in early October, is poor, the U.S. by law can't raise the TRQ until April 1, when most of the domestic sugar crop has been harvested and sold.”
“But to shield domestic producers, the government increases tariffs on sugar imports after a limit known as the tariff-rate quota, or TRQ, of 1.2 million tons is reached.”
“Responding to the Florida freeze, the USDA in April raised the TRQ by 325,000 tons for the current fiscal year, which ends Sept. 30.”
“Under the Agreement, China will establish a large, low-duty TRQ for cotton with a substantial share reserved for private importers, which should lead to expanded U.S. cotton sales.”
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“But it's clear we couldn't get the other benefits -- the TRQ changes, the sanitary and phytosanitary changes.”
“The import relief for steel wire rod producers will take the form of a "tariff-rate quota" (TRQ), which will go into effect two weeks from the issuance of a Proclamation, and will remain in place for three years.”
“In the first year, steel wire rod from countries subject to the TRQ will face additional duties of 10 percent once imports exceed 1.58 million net tons.”
“In all cases, we sought to maximize likelihood that the full quota would be used and ensure opportunity for private traders to participate, both by allocating an initial share of the quota to private traders and providing for reallocation of quota from state enterprises to private traders if state enterprises do not buy the full TRQ amount.”
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