Announcement
01 Jun 2023
In June 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 in order to reduce food prices.
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Number of interventions
2
0 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
01 Jun 2023
Revocation date:
31 Dec 2024
Updated: 01 Jun 2023
Import tariff
On 1 June 2023, the Korean Government issued Presidential Decree No. 33497, reducing the tariff rate for the period 1 June 2023 until 31 December 2023 for the following products:
For certain beet sug...
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Implementation date
01 Jun 2023
Revocation date:
31 Dec 2023
Updated: 01 Jun 2023
Import tariff quota
On 1 June 2023, the Korean Government issued Presidential Decree No. 33497, establishing new or increasing existing import tariff-rate quotas for several products. The new quotas apply from 1 June 202...
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Related State Acts
28 Jun 2024
Republic of Korea: Introduction of temporary tariff concessions and import tariff-rate quotas (June 2024)
26 Dec 2023
Republic of Korea: Goods subject to import quota tariffs and adjusted tariffs in 2024
12 Oct 2023
Republic of Korea: Introduction of temporary import tariff-rate quota for frozen mackerel (October 2023)
30 Dec 2022
Republic of Korea: Goods subject to import quota tariffs and adjusted tariffs in 2023
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