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: 15 Nov 2010 | Removal date: 14 Jan 2011
Still in force

Import tariff quota

Effective from 15 November 2010, the Republic of Korea introduced a new tariff rate quota (TRQ) for frozen mackerel through Presidential Decree No.22482. 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 supply/price of frozen mackerel in the domestic market, import tariffs on frozen mackerel (HS 0303; 0303.7; 0303.74) were reduced from 10% to 0% for up to 10,000 tons."
 
This measure is valid from 15 November to the end of 2010. This measure was amended by the Presidential Decree No. 22552 (see related measure).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

212 Prepared & preserved fish, crustaceans, molluscs
0303 Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
030354 Mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus)

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