Optimize IAS
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
  • Courses
    • Laqshya 2021 / Laqshya 2021 Advance (Prelims)
    • Santosh Sir 700+ Mains Mentorship Program
    • Our Video Courses
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
  • Courses
    • Laqshya 2021 / Laqshya 2021 Advance (Prelims)
    • Santosh Sir 700+ Mains Mentorship Program
    • Our Video Courses
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us

Tariff rate quotes (TRQ)

  • June 25, 2020
  • Posted by: admin1
  • Category: DPN Topics
No Comments
Print Friendly, PDF & Email

Subject: Economy

Context:

Centre has decided to allow milk powder imports under Tariff Rate Quota (TRQ). It irked dairy farmers, who are already struggling with lower realizations amid excess supply and demand destruction due to Covid-19.

Concept:

  • A TRQ is a mechanism that allows a set quantity of specific products to be imported at a low or zero rate of duty.
  • They are established under trade agreements between countries.
  • TRQ commitment does not apply any limits on the quantity of the import products.
  • But it applies a higher rate of duty for that specific product exceeding quota limit.
economy Tariff rate quotes (TRQ)
Print Friendly, PDF & Email
Loading

Recent Posts

  • Quiz 2021: Prelims Power Play 27 January 2021 January 27, 2021
  • Daily Prelims Notes 27 January 2021 January 27, 2021
  • FICCI January 27, 2021
  • GOVIND BALLABH PANT January 27, 2021
  • UNSC January 27, 2021
  • INDIAN ASTRONOMICAL UNION January 27, 2021
  • REGEN-COV January 27, 2021
  • EUROPEAN COMMISSION January 27, 2021
  • SILENT CYBER January 27, 2021
  • CCI January 27, 2021

About

If IAS is your destination, begin your journey with Santosh Sir. I have the distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do 

My Initiative

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Friday Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

Contact@optimizeias.com

Search