Global Trade Alert
Global Trade Alert

Republic of Korea: Expansion of crude oil import tariff-rate quota eligibility for restructured petrochemical firms

Announcement

03 Apr 2026

On 3 April 2026, the South Korean government amended Presidential Decree No. 36237, expanding the definition of crude oil eligible for the existing import tariff-rate quota under HS 2709.00.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

03 Apr 2026

Revocation date:

31 Dec 2026

Announced: 03 Apr 2026
Import tariff quota In force

Recent update from 09 Apr 2026:

On 3 April 2026, the South Korean government issued Presidential Decree No. 36237, expanding crude oil eligible for the existing import tariff-rate quota under HS 2709.00. The measure is aimed at f...

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