PROTECTING NEW CALEDONIA’S INTERNAL MARKET Import - Market regulation New Caledonia is responsible for managing and controlling foreign trade by setting the basis and rates of restrictive measures. In fact, when the general economic interest of New Caledonia justifies it (protection of local production), market regulation and market protection measures are possible: - Quantitative import restrictions: quotas or suspension measures, depending on the product and its origin, - Tariff protection: a market regulation tax (TRM) is applied to imported products to create a price differential favourable to local products and encourage their sale. Exceptional authorisation to import restricted products may be requested by way of derogation where local production is unable to meet market requirements. For more information, click here Customs duty exemptions Goods originating in and coming directly from a Member State of the European Union or an associated overseas country or territory may, under certain conditions, qualify for exemption from customs duties on import. For more information, click here 7 – REGULATORY CONTEXT 76
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