The ‘Hilton’ beef quota is the informal name of the tariff quota for the European Union, regulated by Commission Regulation (EU) No 593/2013, which provides for the opening and administration of tariff quotas for high-quality fresh, chilled and frozen beef and for frozen buffalo meat. The Hilton Quota beef enjoys a duty preference vis-à-vis the European Union Most Favoured Nation import regime.
The quota has been in operation since 2009, with an initial allocation of 65,250 tonnes of high quality fresh, chilled and frozen beef, and 2,250 tonnes of buffalo. As of 2012, the quota consists of 66,826 tonnes of high-quality fresh, chilled and frozen beef, and 2,450 tonnes of buffalo. The suppliers are Argentina, Brazil, Uruguay, Paraguay, Canada/USA, Australia and New Zealand.
The country breakdown for the Mercosur countries under the Hilton quota is as follows:
Argentina - 29,700 tonnes
Brazil - 10,000 tonnes
Paraguay - 1,000 tonnes
Uruguay - 6,376 tonnes
The headline political agreement between the EU and Mercosur countries proposes that once the agreement comes into force, it will see the elimination of the in-quota tariff rate, which is currently set at 20%.