ANNOUNCEMENT 15 Feb 2013

In February 2013, the government of Republic of Korea announced a rule change for import registration.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



WTO-UNCTAD-OECD Ninth Report on G20 Trade and Investment Measures, mid-October 2012 to mid-May 2013: http://www.oecd.org/daf/inv/investment-policy/9thG20report.pdf


Inception date: 15 Feb 2013 | Removal date: open ended
Still in force

Import licensing requirement

On 15 February 2013, the Republic of Korea abolished the import-licensing capital requirement (previously at 50 million won, roughly US$ 44,500) for wines, beers, and whiskeys. In addition, more flexibility was introduced in warehouse facility requirements.

AFFECTED SECTORS

 
241 242 243 341

AFFECTED PRODUCTS

 
220300 220410 220421 220429 220600 220710 220720 220820 220830 220850 220860 220870 220890
(+ 3 more)