Global Trade Alert
Global Trade Alert

Republic of Korea: Introduction of temporary tariff concessions and import tariff-rate quotas to ease prices

Announcement

28 Apr 2023

In April 2023, the Korean Government adopted a Presidential Decree allowing for temporarily reduced import tariff rates and temporary import tariff-rate quotas on the imports of several goods for the period 1 May until 30 June 2023.

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

01 May 2023

Revocation date:

No revocation date

Import tariff quota

On 28 April 2023, the Korean Government issued Presidential Decree No. 33437, establishing new import tariff-rate quotas for several products. The new quotas apply from 1 May 2023. In particular, the ...

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Import tariff

On 28 April 2023, the Korean Government issued Presidential Decree No. 33437, reducing the tariff rate for the period 1 May 2023 until 30 June 2023 for the following product: For radish (0706.90), fr...

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