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Global Trade Alert

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Republic of Korea: Introduction of temporary tariff concessions and import tariff-rate quotas (May 2024)

Description

On 9 May 2024, the Korean Government issued Presidential Decree No. 34501, introducing temporary tariff concessions for several goods. The changes enter into force on 10 May 2024. In particular, the D...

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Intervention Details

Intervention Type

Import tariff

MAST Chapter

Tariff measures

Implementation date

10 May 2024

Revocation date

31 Dec 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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