| The tariff rate quota (TRQ) system was formalised in the Uruguay Round with the aim of maintaining and improving market access for agricultural products. Under this system, a lower tariff rate is applied to imports up to the quota limit, with a higher (and often prohibitive) tariff rate levied on products imported beyond this quota. However, the success of the TRQ system has been limited, with dairy and meat products in particular still facing relatively high barriers to international trade. In this paper, we examine the impact of the TRQ system on New Zealand’s meat and dairy trade. We draw together theoretical and empirical insights and present preliminary findings arising from interviews with key stakeholders. In particular, we examine whether the TRQ... |
