ANNOUNCEMENT 01 Jan 2011

In January 2011, 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, ' , 67 ', Ministry of Strategy and Finance, http://www.mosf.go.kr/news/news02.jsp?boardType=general&hdnBulletRunno=62&sub_category=128&hdnFlag=1&hdnDiv=183&&actionType=view&runno=4008377

Presidential Decree on Tariff Rate Quota (TRQ), ' ', http://law.go.kr/flDownload.do?flSeq=4947958


Inception date: 01 Jan 2011 | Removal date: 01 Jan 2012

Import tariff quota

Effective from 1 January 2011, the Republic of Korea has established tariff-rate quotas (TRQ) for various products through Presidential Decree No.22552. According to the Ministry of Strategy and Finance (MOSF), the purpose of this intervention is to stabilize domestic market prices.
 
The ministry said that 'Reflecting the current market supply and price, 21 new products were added to the list through this measure, while 10 out of 53 products removed from the previous TRQ list in 2010."
 
This measure is valid from 1 January to the end of 2011. 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. 22642 (see related measure)

AFFECTED SECTORS

 
011 012 014 163 211 212 216 219 231 232 234 239 241 263 282 341 342 346 355 389 412 415
(+ 7 more)

AFFECTED PRODUCTS

 
030312 030313 030314 030323 030331 030332 030339 030342 030344 030345 030351 030353 030354 030355 030357 030363 030367 030368 030382 030383 030389 030390 050400 070310 070320 070390 070410 070490 070610 070690 100191 100199 110100 110812 110813 110814 110819 120721 120729 120740 120750 120799 150710 150790 150910 150990 151219 151229 151411 151419 151491 151519 151530 151550 151590 190531 190532 190590 220710 220720 230610 230641 230649 230650 230660 230690 250410 250490 251990 281410 284910 284920 284990 500400 500500 520511 520512 520513 520514 520522 520523 520524 520526 520527 520528 520532 520533 520534 520542 520544 520547 520548 550410 550490 611120 620920 620930 620990 720916 720917 720918 720925 720990 741011 741012 741021 741022 750400 871500
(+ 99 more)