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