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WTO Announces 2024 Sesame Tariff Rate Quota Bid: A Major Opportunity for Global Traders

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The World Trade Organization (WTO) has recently unveiled the 2024 Sesame Tariff Rate Quota (TRQ) bid, a pivotal event for international traders and domestic distributors. This announcement marks the third state trade bid, attracting wide attention due to sesame’s substantial role in global markets.

Key Highlights of the 2024 Sesame TRQ Bid

Inclusive Bidding Process: Under the bid number AT2683-SI-24(934), the WTO encourages a diverse range of suppliers, embracing a no-limit approach to the origin and breed of sesame. This inclusive strategy opens doors for global participation.
Significant Volume: The bid involves a considerable quantity of 6,000 tons of general breed sesame, set to arrive at Busan port on March 22, 2024.
Bid Registration and Procedure: Registration for the bid is now open, with a deadline of January 19, 2024. The WTO uses the E-Bidding system (aTBid) for a transparent and efficient process. An essential bid briefing is scheduled for January 16, 2024, at the Naju Headquarters.
Critical Submission Window: Bidders must submit their proposals on January 22, 2024, between 10:00 to 11:00, highlighting the bid’s competitive nature.

Impact on the Global Sesame Market

This TRQ bid is a crucial step in stabilizing the sesame market and promoting equitable trade. The WTO’s oversight ensures fair trade practices, reflecting its commitment to global trade balance. With the rising demand for sesame, this bid is under close scrutiny by market analysts and industry players. Successful bidders stand to gain significantly, potentially bolstering their positions in the market.


For those interested in participating or learning more, the official WTO TRQ bid documents and the aTBid E-Bidding platform offer comprehensive details on the bidding procedure and qualifications. This bid represents a significant opportunity in the global sesame trade, aligning with the WTO’s goals of fostering fair and sustainable market practices.

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