ANNOUNCEMENT 23 Sep 2009

In September 2009, the government of Republic of Korea announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



"Tariff Cuts to Be Expanded for 'Low Carbon Green Growth' Related Products," Ministry of Strategy and Finance, 22 September 2009. Available at http://english.mosf.go.kr/news/pressrelease_view.php?sect=news_press&sn=6625


Inception date: 23 Sep 2009 | Removal date: open ended
Still in force

Import tariff

 From 23 September 2009 the Ministry of Strategy and Finance offered 50 percent tariff cuts on 31 products "used to produce or use new & renewable energy," 21 solar energy products, seven wind power products, one type of hydrogen fuel cell and two products that use geothermal energy. The tariff reduction in 2009, like its more limited predecessor in 2008, is to "support green growth related industries...."

AFFECTED SECTORS