ANNOUNCEMENT 12 Oct 2010In October 2010, the government of Republic of Korea announced a change in import tariff quotas.
NUMBER OF INTERVENTIONS
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
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)