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Global Trade Alert

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Republic of Korea: Temporary reduction of import tariff on naphtha

Description

On 6 July 2023, the South Korean Government issued Presidential Decree No. 33617, reducing the tariff rate for the period 6 July 2023 until 31 December 2023 for the following product: For naphtha (un...

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Intervention Details

Intervention Type

Import tariff

MAST Chapter

Tariff measures

Implementation date

06 Jul 2023

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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