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: 01 Apr 2012 | Removal date: 01 Jul 2012
Still in force

Import tariff quota

Effective from 1 April 2012, the Republic of Korea updated tariff-rate quotas (TRQ) for swine meat and dried chili through Presidential Decree No.23673. 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, the duration of TRQ for swine meat (HS 0203, 0203.1, 0203.19, 0203.2, 0203.29) and dried chili (HS 0904, 0904.2, 0904.21), was extended to the end of June 2012." Furthermore, the measure increased the size of TRQ for swine meat by 70,000 tons and for dried chili from 6,185 to 11,185 tons.
 
This measure is valid from 1 April to the 30 June 2012. This measure was amended by the Presidential Decree No. 23828 (see related measure)
 

AFFECTED COUNTRIES

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TABLE
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AFFECTED SECTORS AND PRODUCTS

016 Stimulant, spice & aromatic crops
0904 Pepper of the genus Piper; dried or crushed or ground fruits of the genus Capsicum or of the genus Pimenta.
090411 Neither crushed nor ground
090421 Dried, neither crushed nor ground
211 Meat & meat products
0203 Meat of swine, fresh, chilled or frozen.
020319 Other
020329 Other
239 Food products n.e.c.
0904 Pepper of the genus Piper; dried or crushed or ground fruits of the genus Capsicum or of the genus Pimenta.
090422 Crushed or ground

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