• TRQ is a two-tiered tariff system that opens up items under import restriction in each country by setting a quantitative threshold since the Uruguay Round Agreement. Low tariffs are applied to imports under the threshold, while significantly higher tariffs are applied to imports over the threshold.
• This policy assures a certain opportunity of market access to exporting countries at low customs tariffs and reduces the negative impacts from excessively increased imports caused during the process of tariffication.

• After the UR agreement, TRQ was set to effectively manage imports of 67 major agricultural and livestock products such as rice, chili and garlic.
  • Present Policy (2017): 63 items, 227 tariff headings

TRQs have been abolished for beef (2001), pork (1997), chicken (1997) and orange juice (1997)

1. Governmental Trading: Institutions assigned by the government (aT, etc.), import based on TRQ importing rights, sell in the domestic markets, and pay the gains from imports to the government
2. Quota Auction: A method of selling the importing rights at TRQ low tariffs by carrying out public competitive bidding
3. Allocation to Actual Demand: Allocate on a first-come-first-served basis according to the procedures defined by the import right administrative institution or preferentially allocate to businesses satisfying certain qualifications (securing processing facilities, etc.)
4. Mixed Allocation Method: A combination of the above