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.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

0 in force

Implementation date

10 Nov 2022

Revocation date:

No revocation date

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. In particular, the Decree...

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Import tariff

On 10 November 2022, the Korean Government issued Presidential Decree No. 32988, increasing the discounts applicable to imports of liquefied propane (2711.12) and liquified butane (2711.13). The measu...

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