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

SOURCE



Presidential Decree No. 22353, ' 71 ', http://mosf.go.kr/_upload/bbs/76/attach/%EA%B4%80%EC%84%B8%EB%B2%95%EC%A0%9C71%EC%A1%B0%EC%97%90%EB%94%B0%EB%A5%B8%ED%95%A0%EB%8B%B9%EA%B4%80%EC%84%B8%EC%9D%98%EC%A0%81%EC%9A%A9%EC%97%90%EA%B4%80%ED%95%9C%EA%B7%9C%EC%A0%95%EC%9D%BC%EB%B6%80%EA%B0%9C%EC%A0%95%EB%A0%B9(%EB%8C%80%ED%86%B5%EB%A0%B9%EB%A0%B9%EC%A0%9C22428%ED%98%B8).hwp


Inception date: 12 Oct 2010 | Removal date: 11 Dec 2010

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

 
012 352 353 361

AFFECTED PRODUCTS

 
070410 070610 070690 300410 300420 300431 300432 300439 300440 300450 300490 330300 330410 330420 330430 330491 330499 330510 330520 330590 330710 330730 330741 330749 330790 340111 340119 340120 340130 340211 340212 340213 340219 340220 340290 401110 401120 401130 401150 401162 401163 401193 401194
(+ 33 more)