Global Trade Alert
Global Trade Alert

Republic of Korea: Goods subject to import quota tariffs and adjusted tariffs in 2024

Announcement

26 Dec 2023

In December 2023, the South Korean Government published its annual list of adjusted tariffs and tariff rate quotas for the year 2024. Compared to the previous year, the tariff rates and tariff rate quotas for several products changed.

Source

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Number of interventions

6

3 certainly harmful

0 likely harmful

3 liberalising

List of interventions

0 in force

Implementation date

01 Jul 2024

Revocation date:

No revocation date

Import tariff quota

On 26 December 2023, the Korean Government issued Presidential Decree No. 34021, introducing a change in the in-quota tariff for several goods for the period 1 July to 31 December 2024. More specific...

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Implementation date

01 Jan 2024

Revocation date:

No revocation date

Import tariff quota

On 26 December 2023, the Korean Government issued Presidential Decree No. 34021, introducing new and increasing previous import tariff-rate quotas for several products for 2024. In particular, the Dec...

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Import tariff

On 26 December 2023, the Korean Government issued Presidential Decree No. 34021, increasing the discounts applicable to imports of several products for 2024. In particular, the Decree establishes new ...

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Import tariff quota

On 26 December 2023, the Korean Government issued Presidential Decree No. 34021, introducing a change in the in-quota tariff for cane or beet sugar (under HS subheadings 1701.91 and 1701.99) from 5% t...

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Implementation date

01 Jan 2024

Revocation date:

No revocation date

Import tariff quota

On 26 December 2023, the Korean Government issued Presidential Decree No. 34021, reducing import tariff-rate quotas for several products for 2024. In particular, the Decree reduces the quota volumes a...

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Import tariff

On 26 December 2023, the Korean Government issued Presidential Decree No. 34021, reducing the discounts applicable to imports of several products for 2024. In particular, the Decree increases the tari...

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