FAS Again Delays Quota Reductions for Unused Historical Licenses
The USDA Foreign Agricultural Service is again delaying the effective date of regulations that would reduce dairy license amounts for historical licensees that don’t use their full license amounts over a period of years, it said in a notice. In…
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place since 1999 and suspended several times since, the regulation provides that beginning with the 2023 quota year, any historical licensee that surrenders more than 50 percent of the license amount for the same item from the same country during at least three of the most recent five years will be issued a historical license thereafter in an amount equal to the average amount imported under that license for those five quota years. FAS’s one year extension until the 2024 quota year will give license holders “additional time to adjust to changing market conditions,” the agency said.