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 Jan 2014 | Removal date: 01 Jan 2015
Still in force

Import tariff

Effective from 1 January 2014, the Republic of Korea updated Adjusted Tariffs (AT) on 10 productsthrough Presidential Decree No. 25054.
 
According to the Ministry of Strategy and Finance, the adjusted tariffsare an instrument to counter a surge in imported goods, which is fearedto disrupt the domestic market or weaken the domestic industrialfoundation.
 
The ministry stated that the total number of items on the list remained unchanged from the previous AT list of 2013 (10 items). However, the measure lowered the tariff rates of both croaker (HS 0301; 0301.9; 0301.99) and glass noodles (HS 1902; 1902.1; 1902.19) from 28 to 26 percent.
 
This measure is valid from 1 January to 31 December 2014. For the exact HS codes, tariffs, quotas, and durations, we refer to Appendix() of this document.
 
This measure was amended by the Presidential Decree No. 25879 (see related measure)

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

041 Fish, live, not for human consumption
0301 Live fish.
030111 Freshwater
042 Fish live, fresh or chilled for human consumption
0301 Live fish.
030192 Eels (Anguilla spp.)
030193 Carp (Cyprinus carpio, Carassius carassius, Ctenopharyngodon idellus, Hypophthalmichthys spp., Cirrhinus spp., Mylopharyngodon piceus)
030199 Other
237 Macaroni, noodles, couscous & similar farinaceous products
1902 Pasta, whether or not cooked or stuffed (with meat or other substances) or otherwise prepared, such as spaghetti, macaroni, noodles, lasagne, gnocchi, ravioli, cannelloni; couscous, whether or not prepared.
190211 Containing eggs
190219 Other
190220 Stuffed pasta, whether or not cooked or otherwise prepared
190230 Other pasta

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