IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Jul 2014 | Removal date: 30 Dec 2014

Import tariff quota

Effective from 1 July 2014, the Republic of Korea introduced tariff-rate quotas (TRQ) for various products through Presidential Decree No. 25392. According to the Ministry of Strategy and Finance (MOSF), the purpose of this intervention is to stabilize domestic market prices.
 
The ministry said that 'Reflecting the current market supply and price, 3 new products were added to the list through this measure, while the duration of the TRQs for 2 items from the previous measure which were valid until 30 June, extended tothe end of 2014." (see related measure)
 
This measure is valid from 1 July to 31 December 2014. For the exact HS codes, tariffs, quotas, and durations, we refer to Appendix 5 () of this document.
 
This measure was amended by the Presidential Decree No. 25896 (see related measure).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

014 Oilseeds & oleaginous fruits
1205 Rape or colza seeds, whether or not broken.
120510 Low erucic acid rape or colza seeds
235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170114 Other cane sugar
170191 Containing added flavouring or colouring matter
170199 Other
291 Tanned or dressed leather; composition leather
4104 Tanned or crust hides and skins of bovine (including buffalo) or equine animals, without hair on, whether or not split, but not further prepared.
410411 Full grains, unsplit; grain splits
410419 Other
410449 Other
341 Basic organic chemicals
3102 Mineral or chemical fertilisers, nitrogenous.
310250 Sodium nitrate
346 Fertilizers & pesticides
3102 Mineral or chemical fertilisers, nitrogenous.
310210 Urea, whether or not in aqueous solution
310221 Ammonium sulphate
310260 Double salts and mixtures of calcium nitrate and ammonium nitrate
3105 Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg.
310510 Goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg
310520 Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium
310530 Diammonium hydrogenorthophosphate (diammonium phosphate)
310590 Other

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