March 23, 2023
On March 13, 2023, the Office of the U.S. Trade Representative announced the reallocation of the unused country-specific quota allocations under the tariff-rate quotas (TRQs) on imported raw cane sugar for Fiscal Year (FY) 2023 (October 1, 2022 through September 30, 2023).
TRQs allow countries to export specified quantities of a product to the United States at a relatively low tariff but subject all imports of the product above a pre-determined threshold to a higher tariff.
On July 11, 2022, the Department of Agriculture (USDA) announced the establishment of the in-quota quantity for raw cane sugar for FY 2023. The in-quota quantity for the TRQ on raw cane sugar for FY 2023 is 1,117,195 metric tons raw value (MTRV).
On July 21, 2022, USTR provided notice of country-by-country allocations of the FY 2023 in-quota quantity of the WTO TRQ for imported raw cane sugar. Based on consultation with quota holders, USTR has determined to reallocate 224,240 MTRV of the original TRQ quantity from those countries that have stated they do not plan to fill their FY 2023 allocated raw cane sugar quantities. USTR is allocating the 224,240 MTRV to the following countries in the amounts specified below:
The allocations of the raw cane sugar WTO TRQ to countries that are net importers of sugar are conditioned on receipt of the appropriate verifications of origin. Certificates for quota eligibility must accompany imports from any country for which an allocation has been provided.
Conversion factor: 1 metric ton = 1.10231125 short tons.
Crane Trade Services can assist you with questions regarding this matter. For assistance please contact CWTSConsulting@craneww.com.