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: 28 Sep 2012 | Removal date: 28 Dec 2012
Still in force

Import tariff quota

Effective from 28 September 2012, the Republic of Korea updated tariff-rate quotas (TRQ) for casava and root crops for forage through Presidential Decree No.24121. 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 measure increased size of the TRQ for casava (HS 1108.14) from 15,000 to 29,000 tons and for root crops for forage (HS 1214.90; 2308.00) from 600,000 to 800,000 tons."
 
This measure is valid from 28 September to the end of 2012. This measure was amended by the Presidential Decree No. 24288 (see related measure) 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

019 Forage; natural rubber; living plants; raw vegetable materials
1214 Swedes, mangolds, fodder roots, hay, lucerne (alfalfa), clover, sainfoin, forage kale, lupines, vetches and similar forage products, whether or not in the form of pellets.
121490 Other
232 Starches & starch products; sugars & sugar syrups n.e.c.
1108 Starches; inulin.
110812 Maize (corn) starch
110813 Potato starch
110814 Manioc (cassava) starch
110819 Other starches
233 Preparations used in animal feeding; lucerne meal & pellets
1214 Swedes, mangolds, fodder roots, hay, lucerne (alfalfa), clover, sainfoin, forage kale, lupines, vetches and similar forage products, whether or not in the form of pellets.
121410 Lucerne (alfalfa) meal and pellets
391 Wastes from food & tobacco industry
2308 Vegetable materials and vegetable waste, vegetable residues and byproducts, whether or not in the form of pellets, of a kind used in animal feeding, not elsewhere specified or included.
230800 Vegetable materials and vegetable waste, vegetable residues and byproducts, whether or not in the form of pellets, of a kind used in animal feeding, not elsewhere specified or included.

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