ANNOUNCEMENT 01 Jan 2009

In January 2009, the government of Republic of Korea announced a change in import tariff quotas.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



Press Release, '09 ', Ministry of Strategy and Finance: http://www.mosf.go.kr/news/news02.jsp?boardType=general&hdnBulletRunno=62&cvbnPath=&sub_category=&hdnFlag=&cat=&hdnDiv=&select=subject&date_start=2008-12-01&date_end=2014-11-01&&actionType=view&runno=86447&hdnTopicDate=2008-12-23&hdnPage=277

Decree of the Custom Act, ' 71 ', Korean Customs Service, http://www.customs.go.kr/kcshome/cmm/fms/FileDown.do?atchFileId=FILE_000000000026618&fileSn=0


Inception date: 01 Jan 2009 | Removal date: 02 Jul 2009

Import tariff quota

Effective from 1 January 2009, the Republic of Korea has established tariff-rate quotas (TRQ) for various products through Presidential Decree No. 21198. According to the Ministry of Strategy and Finance (MOSF), the purpose of this intervention is to stabilize domestic market prices.
 
Ministry said that 'Recently, the international commodity price has been stabilized so that we decided to reduce the size of TRQ in 2009.' To this end, 29 out of 109 products were removed from the previous TRQ list in 2008. However, 6 items were additionally included in the TRQ list due to import price increases of these items. 
 
This measure is valid from 1 January to 30 June 2009. For the exact HS codes, tariffs, quotas, and durations, we refer to Appendix() of this document. 
 
This measure was amended by the Presidential Decree No. 21580 (see related measure)
 

AFFECTED SECTORS

 
016 024 049 120 161 212 231 239 263 341 342 345 347 371 393 413 414 415 416 449 469 499
(+ 7 more)

AFFECTED PRODUCTS

 
051110 051191 051199 090111 090112 090121 110423 110620 110630 180100 252921 270900 280429 280461 280469 280470 282200 290312 290315 290319 290322 290329 290339 290371 290372 290373 290374 290379 290389 290391 290399 290511 290512 290513 290516 290517 290519 290531 290532 290539 290541 290542 290544 290545 290549 290559 291219 291221 291260 291711 291712 291713 291719 291720 291732 291734 291736 291739 390210 390220 390230 390290 390311 390319 390320 390330 390390 390710 390720 390730 390740 390750 390760 390770 390791 390799 500500 700220 700231 700239 702000 710812 710813 711011 711019 711021 711029 711031 711041 711291 711292 711299 741110 741121 741122 741129 750210 750220 750400 750512 750521 750522 750610 750620 760110 760120 760711 760719 760720 800110 800120 810411 810419 810430 810490 811100 847510 847529 847590 854511 854519 854520 854590 871200
(+ 114 more)