IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Jan 2015 | Removal date: 01 Jan 2016

Import tariff

Effective from 1 January 2015, the Republic of Korea updated Adjusted Tariffs (AT) on 10 productsthrough Presidential Decree No. 25879.
 
According to the Ministry of Strategy and Finance, the adjusted tariffs are an instrument to counter a surge in imported goods, which is feared to disrupt the domestic market or weaken the domestic industrial foundation.
 
The ministry stated that the total number of items on the list remained unchanged from the previous AT list of 2014 (10 items). However, the measure lowered the tariff rates on eel (HS 0301.92) from 27 to 22 percent, croaker (HS 0301.99) from 26 to 10 percent as well as frozen pollack (HS 0303.79) and frozen croaker (HS 0303.79) from 40 to 28 percent.
 
This measure is valid from 1 January to 31 December 2015. For the exact HS codes, tariffs, quotas, and durations, we refer to Appendix() of this document.
 
*For the affected partners in this measure, UN Comtrade 2013 data were used.

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
212 Prepared & preserved fish, crustaceans, molluscs
0303 Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
030312 Other Pacific salmon (Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus)
030313 Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho)
030314 Trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster)
030331 Halibut (Reinhardtius hippoglossoides, Hippoglossus hippoglossus, Hippoglossus stenolepis)
030339 Other
030342 Yellowfin tunas (Thunnus albacares)
030343 Skipjack or stripbellied bonito
030344 Bigeye tunas (Thunnus obesus)
030345 Atlantic and Pacific bluefin tunas (Thunnus thynnus, Thunnus orientalis)
030346 Southern bluefin tunas (Thunnus maccoyii)
030351 Herrings (Clupea harengus, Clupea pallasii)
030353 Sardines (Sardina pilchardus, Sardinops spp.), sardinella (Sardinella spp.), brisling or sprats (Sprattus sprattus)
030354 Mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus)
030355 Jack and horse mackerel (Trachurus spp.)
030357 Swordfish (Xiphias gladius)
030363 Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
030367 Alaska Pollack (Theragra chalcogramma)
030381 Dogfish and other sharks
030382 Rays and skates (Rajidae)
030383 Toothfish (Dissostichus spp.)
030389 Other
030390 Livers and roes

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