ANNOUNCEMENT 01 Jan 2011In January 2011, the government of Republic of Korea announced a change in import duties.
NUMBER OF INTERVENTIONS
Bloomberg. (2010). South Korea to Suspend Milling-Wheat Import Tariff, Finance Ministry Says. Available at http://www.bloomberg.com/news/2010-12-21/south-korea-to-suspend-milling-wheat-import-tariff-finance-ministry-says.html
On 1 January 2011, the government of the Republic of Korea temporarily lowered import tariffs on selected wheat products. According to consistent press reports, the import tariff on milling wheat has been reduced to zero, that on flour has been reduced from 4.2 to 2.5 percent.
The lower tariffs shall be effective until 30 June 2011.