ANNOUNCEMENT 01 Jan 2010

In January 2010, the government of Republic of Korea announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential Decree No. 21912, ' 69 ', http://www.law.go.kr/LSW/lsInfoP.do?lsiSeq=98098#0000


Inception date: 01 Jan 2010 | Removal date: 01 Jan 2011
Still in force

Import tariff

Effective from 1 January 2010, the Republic of Korea updated its "Adjusted Tariffs List" on 11 productsthrough Presidential Decree No. 21912.
The ministry said that 'Reflecting the current market situation, 1 out of 11 items was removed from the Adjusted Tariff List of 2009. Besides, the tariff rates of 6 items were lowered 2 to 4 percentage points.'
This measure is valid from 1 January to 31 December 2010. For the exact HS codes, tariffs, and durations, we refer to Appendix() of this document.
This measure was amended by the Presidential Decree No. 22551 (see related measure).