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What is Tariff Quota

Handbook of Research on International Collaboration, Economic Development, and Sustainability in the Arctic
A measure of regulation of import to the customs area of some types of goods providing application during the certain period of lower rate of an import customs duty when importing a certain quantity of goods (in natural or value term) and higher rate of an import customs duty in case of commodity importation over its quantities.
Published in Chapter:
Non-Arctic Countries of Asia and Russia: Investment Collaboration in the High North
Mikail Khudzhatov (Peoples' Friendship University of Russia, Russia)
DOI: 10.4018/978-1-5225-6954-1.ch009
Abstract
The Arctic is characterized by a significant potential in terms of mineral resources, raw materials, hydrocarbons, and energy. In the North, mining and extractive industries are booming, but the expansion of exploration in the severe climate conditions requires the use of advanced technologies, many of which have not been developed and adopted in Russia. For this reason, there is a need to promote investment activity in the Arctic. This chapter discusses the most effective customs instruments for the attraction of foreign investments, identifies critical problems in the sphere of development of investment collaboration between Russia and non-Arctic countries of Asia (China, Japan, and the Republic of Korea), and offers practical solutions in the field of investment collaboration in the High North.
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