Global Trade Alert
Global Trade Alert

Republic of Korea: Restoration of tariff on imports of crude oil to 3%

Announcement

01 Feb 2009

In March 2009, the government of Republic of Korea announced a change in import duties.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

01 Mar 2009

Revocation date:

No revocation date

Import tariff In force

As from March 2009, the South Korean tariff on imports of crude oil increased to 3%. The tariff was previously increased from 1% to 2% on 1 February 2009, see related measure.  

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