Tariff Rate Quotas (TRQ) are volume-limited duty preferences under the EFTA-Mexico Free Trade Agreement for motor vehicles: within a fixed import ceiling, vehicles enter at reduced or zero duty rates; excess shipments face higher tariffs.
Source: https://www.efta.int/publications/free-trade-agreements
Matching tools and partners
You might also be interested in these terms
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.