UK government has announced an expansion to the autonomous tariff quota (ATQ) on imports of coldwater prawn products into the country.
This expansion (order no. 05.2795) provides an extra volume of 3,200 tonnes on top of anything imported under order no. 05.2794 (which has a volume of 6,500 tonnes) and will apply for the period 13 October 2022 – 31 December 2022.
The Department for International Trade (DTI) said it will make a further announcement about the volume of ATQ order no. 05.2794 for 2023.
Tariff suspensions and tariff quotas are in place to ensure that the UK seafood processing industry has access to a steady supply of imported raw material at a competitive price. They cover raw materials that are unavailable domestically and need to be imported.
Running up to the decision, there had been fears that the quota was nearing exhaustion and that processors would be forced to import at the full rate of duty of 20%.
