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12:34 Aug 26, 2000
English to Spanish translations [PRO] Bus/Financial
English term or phrase:tariff rate quota
if the tariff rate quota (TRQ) on imported sugar exceede 1.5million tons, sugar loans are none recourse
Explanation: I agree with baselga on this but not on the concept. It can't be translated as an equivalent to "cupo".
TRQ is a trade policy tool used to protect domestically produced commodities and products from competitive imports. It combines TWO policy instruments that are used to restrict those imports: QUOTAS and TARIFFS. Please see web sites: