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: 24 Jul 2012 | Removal date: 22 Jan 2013
Still in force

Import tariff quota

Effective from 24 July 2012, the Republic of Korea introduced tariff-rate quotas (TRQ) for onions and spring onions through Presidential Decree No.23972. 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, import tariffs on onion (HS 0703; 0703.10) were reduced from 50 to 10% for up to 110,545 tons, while import tariffs on spring onion (HS 0703; 0703.90) were reduced from 27 to 0% for the whole quantity."
 
The TRQ for both items is valid from 24 July 2012 and to 31 August 2012 for spring onion or to 31 December 2012 for onion, respectively. This measure was amended by the Presidential Decree No. 24121 (see related measure)

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

012 Vegetables
0703 Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled.
070310 Onions and shallots
070390 Leeks and other alliaceous vegetables

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