Global Trade Alert
Global Trade Alert

Republic of Korea: Introduction of temporary tariff concessions and import tariff-rate quotas (June 2024)

Announcement

28 Jun 2024

In June 2024, the Korean Government adopted a Presidential Decree introducing temporary import tariff concessions as well as establishing new and amending exisitng import tariff-rate quotas for several products.

Source

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Number of interventions

3

1 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

01 Jul 2024

Revocation date:

31 Dec 2024

Announced: 28 Jun 2024
Import tariff quota
On 28 June 2024, the South Korean Government issued Presidential Decree No. 34616, reducing the volumes of two existing import tariff-rate quotas. The amendment enters into force on 1 July 2024 In pa...
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Implementation date

01 Jul 2024

Revocation date:

31 Dec 2024

Announced: 28 Jun 2024
Import tariff
On 28 June 2024, the South Korean Government issued Presidential Decree No. 34616, introducing temporary tariff concessions for several goods. The changes enter into force on 1 July 2024. In particula...
Sign in to see more
Announced: 28 Jun 2024
Import tariff quota
On 28 June 2024, the South Korean Government issued Presidential Decree No. 34616, establishing new temporary import tariff-rate quotas for several goods. The new quotas enter into force on 1 July 202...
Sign in to see more

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