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
Still in force

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)