Global Trade Alert
Global Trade Alert

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

Announcement

10 Nov 2022

In November 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.

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

10 Nov 2022

Revocation date:

31 Mar 2023

Updated: 10 Nov 2022
Import tariff
<p>On 10 November 2022, the Korean Government issued Presidential Decree No. 32988,&nbsp;increasing the discounts applicable to imports of liquefied propane (2711.12)&nbsp;and liquified ...
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Implementation date

10 Nov 2022

Revocation date:

30 Jun 2023

Updated: 10 Nov 2022
Import tariff quota

On 10 November 2022, the Korean Government issued Presidential Decree No. 32988, increasing the volume of import tariff-rate quotas for 14 goods valid from 10 November 2022. 

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