EU Adopts TRQs for Fishery Products
The EU this week adopted a regulation to open its 2024, 2025 and 2026 autonomous tariff quotas for certain fishery products and establish rules for the management of those quotas. The quotas will be granted only for products imported for processing in the EU, and the regulation will suspend or reduce duties for a limited volume of imports for each of those three years. Duties and volumes will be “specific to each product,” the EU said.
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The bloc said it won’t allow fishery products from Russia or Belarus to benefit because of both countries' involvement in the war against Ukraine. The regulation will take effect 20 days after it's published in the Official Journal of the European Union and will apply from Jan. 1, 2024, to Dec. 31, 2026.