Tariffication is an effort to convert all existing agricultural Non-tariff barriers to trade (NTBs) into bound tariffs and to reduce these tariffs over time. A bound tariff is one which has a "ceiling" beyond which it cannot be increased.
What do tariffs do?
Tariffs are used to restrict imports by increasing the price of goods and services purchased from another country, making them less attractive to domestic consumers. ... Governments may impose tariffs to raise revenue or to protect domestic industries—especially nascent ones—from foreign competition.
What does quota mean?
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.