The Hilton Quota is the informal name of the Tariff Quota regulated by the Commission Regulation (EC) No 936/97 of 27 May 1997 for the European Union.
Contents
Beef supplies
It consists of a quota of 58,100 tonnes of high-quality fresh, chilled and frozen beef. The suppliers are Argentina, Brazil, Uruguay, Paraguay, USA, Canada, Australia and New Zealand. The Hilton Quota beef enjoys a duty preference vis-à-vis the European Union Most Favoured Nation import regime. Also called "ribs and loins".
History
The Hilton Quota originated as part of the GATT agreements in 1979, during the Tokio Round, organised by and held at the Hilton Hotels in Tokio (the name of the hotel chain was used to name the specific agreements on the beef quota)
References
Hilton Quota Wikipedia(Text) CC BY-SA