ANNOUNCEMENT 26 Jul 2009In July 2009, the European Commission announced a change in import duties.
NUMBER OF INTERVENTIONS
EU cuts tariffs on DMB phones to delight of Korean manufacturers, Asia Pulse, 10 August 2009
EU to lift 14 Percent Tariff on Korean DMB headsets, Maeil Business, 26 July 2009
The European Communities has effectively removed the 14% tariff on digital multimedia broadcasting (DMB) phones by recategorising them as multi-functional mobile devices. Since 2007 the products have fallen under the TV sets category resulting in a higher level of tariff. As multi-functional mobile phones, the products will only be subject to 3.7% tariff.
The Government of South Korea and local manufacturers asked the European Commission to review its evaluation last November. Customs tariffs of approximately US$12.2 m will be returned to Korean exporters, Samsung Electronics and LG Electronics .