Global Trade Alert
Global Trade Alert

Republic of Korea: Goods subject to import quota tariffs and adjusted tariffs in 2023

Announcement

30 Dec 2022

In December 2022, the South Korean Government published its annual list of adjusted tariffs and tariff rate quotas for the year 2023. Compared to the previous year, the tariff rates and tariff rate quotas for several products changed.

Source

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Number of interventions

8

5 certainly harmful

0 likely harmful

3 liberalising

List of interventions

0 in force

Implementation date

01 Oct 2023

Revocation date:

No revocation date

Import tariff

On 30 December 2022, the Korean Government issued Presidential Decree No. 33179, reducing the tariff rate for the period 1 October 2023 until 31 December 2023 for the following product: For natural g...

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Implementation date

01 Jul 2023

Revocation date:

No revocation date

Import tariff quota

On 30 December 2022, the Korean Government issued Presidential Decree No. 33179, adjusting the import tariff-rate quotas for crude oil (HS 2709.00) to a volume of 100'000'000 barrels (approx. 15.9 bil...

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Implementation date

01 Apr 2023

Revocation date:

No revocation date

Import tariff

On 30 December 2022, the Korean Government issued Presidential Decree No. No. 33179, increasing the tariff rate for the period 1 April 2023 until 31 December 2023 for the following 2 products: For li...

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Import tariff quota

On 30 December 2022, the Korean Government issued Presidential Decree No. 33179, adjusting the import tariff-rate quota for crude oil (HS 2709.00) to a volume of 28'875'000 barrels (approx. 4.6 billio...

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Implementation date

01 Jan 2023

Revocation date:

No revocation date

Import tariff quota

On 30 December 2022, the Korean Government issued Presidential Decree No. 33179, introducing new and increasing previous import tariff-rate quotas for several products for 2023. In particular, the Dec...

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Import tariff

On 30 December 2022, the Korean Government issued Presidential Decree No. 33179, increasing the discounts applicable to imports of several products for 2023. In particular, the Decree establishes new ...

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Implementation date

01 Jan 2023

Revocation date:

No revocation date

Import tariff quota

On 30 December 2022, the Korean Government issued Presidential Decree No. 33179, eliminating or reducing import tariff-rate quotas for several products for 2023. In particular, the Decree eliminates t...

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Import tariff

On 30 December 2022, the Korean Government issued Presidential Decree No. 33179, reducing the discounts applicable to imports of several products for 2023. In particular, the Decree increases the tari...

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