ANNOUNCEMENT 01 Jan 2011

In January 2011, 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. 22551, ' 69 ', http://www.law.go.kr/LSW/lsInfoP.do?lsiSeq=109546#0000


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

Import tariff

Effective from 1 January 2011, the Republic of Korea updated Adjusted Tariffs Listthrough Presidential Decree No. 22551. 
 
The ministry said that 'Reflecting the current market situation, the composition of the Adjusted Tariffs List remains unaltered. However,the tariff rates of 4 items among them were lowered between 1 to 5 percents percentage points.'
 
This measure is valid from 1 January to 31 December 2011. For the exact HS codes, tariffs and durations, we refer to Appendix() of this document.
 
This measure was amended by the Presidential Decree No. 23390 (see related measure)

AFFECTED SECTORS

 
041 042 212 237 239

AFFECTED PRODUCTS

 
030111 030192 030193 030194 030199 030312 030313 030314 030323 030331 030332 030339 030342 030344 030345 030351 030353 030354 030355 030357 030363 030367 030368 030382 030383 030389 030390 190211 190219 190220 190230 210310 210320 210330 210390
(+ 25 more)