ANNOUNCEMENT 12 Oct 2010

In October 2010, the government of Republic of Korea announced a change in import tariff quotas.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 12 Oct 2010 | Removal date: 11 Dec 2010
Still in force

Import tariff quota

Effective from 12 October 2010, the Republic of Korea updated tariff-rate quotas (TRQ) for various products through Presidential Decree No.22428. 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, 10 new products were added to the list through this measure."
 
This measure is valid from 12 October to the end of 2010. 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. 22482 (see related measure)

AFFECTED SECTORS