ANNOUNCEMENT 01 Feb 2009

In February 2009, the Republic of Korea increased the import tariff on crude oil.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

WTO. (26 March 2009). REPORT TO THE TPRB FROM THE DIRECTOR-GENERAL ON THE FINANCIAL AND ECONOMIC CRISIS AND TRADE-RELATED DEVELOPMENTS 'Job (09)/30'. To be obtained at
http://www.wto.org/english/news_e/news09_e/trdev_dg_report_14apr09_e.doc

Inception date: 01 Feb 2009 | Removal date: 28 Feb 2009

Import tariff

On 1 February 2009, the Republic of Korea increased the import tariff on crude oil from 1% to 2%. In March 2009, the import tariff was additionally increased, see related measure.

AFFECTED SECTORS

 

AFFECTED PRODUCTS