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The nuances of in-quota and out-quota tariff rates

THE world of international trade, particularly for agricultural products, can be a labyrinth of regulations and tariffs. Like many other countries, the Philippines navigates this intricate landscape using a system of Tariff-Rate Quotas (TRQs), specifically in-quota and out-quota rates. Understanding these terms and their impact is crucial for anyone involved in importing or exporting agricultural goods in the Philippines.

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