Global Trade Alert
Global Trade Alert

Republic of Korea: Introduction of temporary tariff concessions (March 2024)

Announcement

29 Mar 2024

In March 2024, the South Korean Government adopted a Presidential Decree introducing temporary import tariff concessions for several products and increasing an existing import tariff-rate quota.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

01 Apr 2024

Revocation date:

30 Apr 2024

Updated: 29 Mar 2024
Import tariff quota

On 29 March 2024, the South Korean Government issued Presidential Decree No. 34366, increasing the existing import tariff-rate quota for leeks (0703.90). Under the Decree, an additio...

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Implementation date

01 Apr 2024

Revocation date:

31 Dec 2024

Updated: 29 Mar 2024
Import tariff

On 29 March 2024, the South Korean Government issued Presidential Decree No. 34366, introducing temporary tariff concessions for several goods. The changes enter into force on 1 April 2024 and...

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