IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Aug 2010 | Removal date: 24 Dec 2010
Still in force

Import tariff quota

Effective from 25 August 2010, the Republic of Korea introduced a new tariff rate quota (TRQ) for refined sugar through Presidential Decree No. 22353. According to the Ministry of Strategy and Finance (MOSF), the purpose of the TRQ is to stabilize domestic market prices.
 
The ministry said that 'Reflecting the current supply/price of sugar in the domestic market, the import tariffs on sugar (HS 1701.9; 1701.91; 1701.99) were reduced from 35% to 0% for a quantity of up to 100,000 tons."
 
This measure is valid from 25 August to the end of 2010. This measure was amended by the Presidential Decree No. 22428 (see related measure)

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170199 Other

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