| Author (Corporate) | Council of the European Union |
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| Series Title | Official Journal of the European Union |
| Series Details | L 162 |
| Publication Date | 27/06/2018 |
| Content Type | Legislation |
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Summary: On 7 May 2018 the European Commission presented a proposal for a Council Regulation amending Regulation (EU) No 1388/2013 on the management of autonomous tariff quotas. The Council of the European Union adopted the new Regulation on 25 June. Further information: Autonomous tariff quotas are needed for certain products when production in the European Union is insufficient to meet the needs of the user industry in the EU. Union tariff quotas should be opened at zero or reduced duty rates for appropriate volumes, without disturbing the markets for such products. In December 2013, the Council adopted Regulation (EU) No 1388/2013 opening and providing for the management of autonomous tariff quotas of the Union for certain agricultural and industrial products so that EU demand for the products in question could be met under the most favourable conditions. The Regulation is updated every six months to accommodate the needs of EU industry. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.162.01.0003.01.ENG |
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| Subject Categories | Trade |
| Subject Tags | Customs Union |
| Keywords | Common Customs Tariff |
| International Organisations | European Union [EU] |
