Definition: Autonomous Tariff Suspensions and Quota Information refers to a system that allows the European Union (EU) to temporarily suspend or reduce customs duties on certain imported goods, typically raw materials, semi-finished goods, or components needed for the production of certain goods within the EU. This system is designed to support EU companies by making it cheaper to import these items, thereby reducing production costs and enhancing competitiveness. The information about these suspensions and quotas is crucial for businesses to plan their import activities and manage costs effectively. Source: EIRA team Additional information: Autonomous Tariff Suspensions (ATS) and Quota Information refer to specific trade measures implemented to promote economic activity. These measures are typically used to temporarily suspend or reduce import duties on certain goods, or to set a specific quantity of a product that can be imported at a reduced tariff rate, respectively. Autonomous Tariff Suspensions are a tool used to stimulate economic activity by reducing the cost of importing certain goods. They are called 'autonomous' because they are applied independently of international trade agreements. These suspensions are typically applied to raw materials, semi-finished goods, or components that are not available within the domestic market and are needed for the production of goods. The main aim of ATS is to support domestic industries by lowering the costs of their inputs, thereby enhancing their competitiveness. On the other hand, Quota Information refers to the specific quantity of a product that can be imported at a reduced tariff rate. Quotas are used as a means to control the volume of imported goods within a specific period. Once the quota limit is reached, a higher tariff rate is applied to further imports. Quotas can be established for a wide range of goods and are often used as a tool to protect domestic industries from foreign competition. In the context of information systems, Autonomous Tariff Suspensions and Quota Information are crucial components of trade databases. They provide essential information for businesses and individuals involved in international trade, helping them to understand the costs associated with importing specific goods and to make informed decisions. These databases are typically managed by government agencies or international organizations and are regularly updated to reflect changes in trade policies. In addition to providing information on current tariff rates and quotas, these databases may also provide historical data, allowing for trend analysis and forecasting. They may also include additional information such as the origin of the goods, any applicable trade agreements, and other relevant details. This information can be particularly valuable for businesses involved in international trade, as it can help them to identify potential opportunities and challenges, and to plan their activities accordingly. Example: Autonomous Tariff Suspensions (ATS) and Autonomous Quota (AQ) are tools used by the European Union (EU) to encourage economic activity within its member states. These tools are often applied in the context of Information Technology (IT) to stimulate growth and innovation. 1. Import of IT Components: A company in the EU that manufactures computers might benefit from an ATS on certain components that are not produced within the EU. This would allow the company to import these components at a reduced tariff, lowering production costs and potentially leading to lower prices for consumers. The quota information would help the company plan its production schedule and manage its supply chain more effectively. 2. Data Centers: Autonomous Quotas can be applied to the energy consumption of data centers. The EU might decide to allocate a certain amount of energy to data centers at a reduced tariff to encourage the growth of the IT sector. The quota information would be crucial for data center operators to manage their energy consumption and plan for future expansion. 3. Software Development: ATS can be applied to the import of certain software or digital services that are not available within the EU. This would make it cheaper for EU companies to access these services, encouraging innovation and growth in the IT sector. The quota information would help companies plan their budget and manage their resources more effectively. 4. Research and Development: The EU might apply an ATS or AQ to the import of certain high-tech equipment or services that are crucial for research and development in the IT sector. This would make it more affordable for EU companies and institutions to carry out cutting-edge research, leading to technological advancements and economic growth. The quota information would be crucial for planning and budgeting purposes. 5. E-commerce: ATS can be applied to certain goods sold online to encourage e-commerce within the EU. This would make it cheaper for EU consumers to buy these goods, boosting the e-commerce sector. The quota information would help e-commerce companies manage their inventory and plan their sales strategies. LOST view: OV-Information Base Identifier: http://data.europa.eu/dr8/egovera/AutonomousTariffSuspentionsAbdQuotaInformationBusinessObject EIRA traceability: eira:InformationBusinessObject ABB name: egovera:AutonomousTariffSuspentionsAbdQuotaInformationBusinessObject EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/AutonomousTariffSuspentionsAbdQuotaInformationBusinessObject dct:title: Autonomous tariff suspentions abd quota information Information