| Author (Corporate) | Council of the European Union, European Parliament |
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| Series Details | L 19, Pages 1-2 |
| Publication Date | 28/01/2022 |
| Content Type | Legislation, Policy-making |
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Summary: Regulation (EU) 2022/111 - signed by the co-legislators on 25 January 2022 - introducing amendments to Regulation (EU) 2019/216 as regards the tariff rate quota for high-quality beef from Paraguay. Further information: Regulation (EU) 2019/216 sets out the methodology for the apportionment of WTO tariff rate quotas (TRQs) in the light of the United Kingdom's withdrawal from the European Union (EU). UK's decision to withdraw from the EU created the need to apportion the quantitative commitments contained in the EU-28 WTO schedule for the EU agricultural, fish and industrial WTO TRQs. The EU initiated this process in October 2018. The basis of this approach was to fully maintain the existing volume of each TRQ going forward, but split across two separate customs territories: the EU-27 and the UK. Paraguay has a TRQ of 1,000 tonnes for high quality bovine meat, which is not included in the EU's WTO schedule. This TRQ was erroneously included in the apportionment exercise and thus reduced to 711 tonnes on the EU-27 side without any corresponding volume being opened on the UK side. This means Paraguay’s market access was reduced from 1,000 tonnes to 711 tonnes with application as of 1 January 2021. This amending Regulation aims at restoring the correct EU-27 volume (1 000 tonnes) for the TRQ 094455. The draft law was tabled by the European Commission on 18 June 2021. The Act was signed by the co-legislators on 25 January 2022, and published in the Official Journal on 28 January 2022. |
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| Source Link | http://data.europa.eu/eli/reg/2022/111/oj |
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| Subject Categories | Trade |
| Subject Tags | External Trade | Trade Agreements |
| Keywords | Common Customs Tariff, Meat Products |
| Countries / Regions | Paraguay |
| International Organisations | European Union [EU] |
