Global Trade Alert
Global Trade Alert

Republic of Korea: Introduction of temporary tariff concessions and import tariff-rate quotas (June 2022)

Announcement

22 Jun 2022

In June 2022, the Korean Government adopted a Presidential Decree allowing for temporarily reduced import tariff rates and temporary import tariff-rate quotas on imports of several goods.

 

Source

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Number of interventions

5

1 certainly harmful

0 likely harmful

4 liberalising

List of interventions

0 in force

Implementation date

01 Oct 2022

Revocation date:

No revocation date

Import tariff quota

On 22 June 2022, the Korean Government issued Presidential Decree No. 32717, adjusting the import tariff-rate quotas for "crude oil to make propane and butane" (HS 2709.00) to a volume of 51'500'000 b...

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Implementation date

22 Jun 2022

Revocation date:

No revocation date

Import tariff quota

On 22 June 2022, the Korean Government issued Presidential Decree No. 32717, increasing the volume of import tariff-rate quotas for 3 goods valid from 22 June 2022. In particular, the Decree establi...

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Import tariff

On 22 June 2022, the Korean Government issued Presidential Decree No. 32717, increasing the discounts applicable to imports of 10 products. The new discounts apply from 22 June until 31 December 2022....

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Import tariff quota

On 22 June 2022, the Korean Government issued Presidential Decree No. 32717, adjusting the import tariff-rate quota for "crude oil to make propane and butane" (HS 2709.00) to a volume of 39'500'000 ba...

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Implementation date

22 Jun 2022

Revocation date:

No revocation date

Import tariff quota

On 22 June 2022, the Korean Government issued Presidential Decree No. 32717, adjusting the volume of import tariff-rate quotas for 6 products, valid from 22 June until 31 December 2022. The new tarif...

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