Global Trade Alert
Global Trade Alert

Republic of Korea: Introduction of tariff concessions on rare gases and aluminum products, import tariff quota on certain food products

Announcement

27 Apr 2022

In April 2022, the Korean Government adopted a Presidential Decree allowing for reduced import tariff rates for certain aluminium products and rare gases, as well as for the establishment of a temporary tariff-rate quota on imports of certain products.

Source

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Number of interventions

3

0 certainly harmful

0 likely harmful

3 liberalising

List of interventions

0 in force

Implementation date

01 May 2022

Revocation date:

No revocation date

Import tariff quota

On 27 April 2022, the Korean Government issued Presidential Decree No. 32602 establishing new import tariff-rate quotas for certain vegetables under HS code subheading 0701.90, valid from 1 May 2022 u...

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Implementation date

27 Apr 2022

Revocation date:

No revocation date

Import tariff

On 27 April 2022, the Korean Government increased the discounts applicable to imports of certain aluminium products (under the HS subheadings 7601.20 and 7606.11) as well as of the rare gases neon, xe...

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Import tariff quota

On 27 April 2022, the Korean Government issued Presidential Decree No. 32602 increasing the volume of import tariff-rate quotas for 2 products from 27 April 2022 until 31 December 2022. In particular...

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