Article 1(Purpose) #
The purpose of this Decree is to prescribe matters necessary for the Republic of Korea to accord tariff concessions in accordance with the Marrakesh Protocol to the General Agreement on Tariffs and Trade 1994 among the Annexes to the Marrakesh Agreement Establishing the World Trade Organization; the Protocol Relating to Trade Negotiations among Developing Countries in the Framework of the World Trade Organization Agreement, Asia-Pacific Trade Agreement; the Global System of Trade Preferences among Developing Countries in the Framework of the United Nations Conference on Trade and Development Conference; and Articles 73 and 78 of the Customs Act. <Amended on Dec. 1, 2016>
Article 2(General tariff concessions in framework of the World Trade Organization agreement) #
General tariff concessions applicable to member countries of the World Trade Organization in accordance with the Marrakesh Protocol to the General Agreement on Tariffs and Trade 1994, shall be as specified in Appendices 1-A and 1-B. <Amended on Sep. 22, 2020>
[This Article Wholly Amended on Dec. 1, 2016]
Article 3(Tariff concessions between developing countries in framework of world trade organization agreement) #
Tariff concessions applicable to Member and Signatory Countries of the Protocol Relating to Trade Negotiations among Developing Countries in the Framework of the World Trade Organization Agreement in accordance with the same Protocol, shall be as specified in Appendix 2.
Article 4(Tariff concessions in framework of Asia-Pacific Trade Agreement) #
General tariff concessions applicable to Member and Signatory Countries of the Asia-Pacific Trade Agreement in accordance with the same Agreement, shall be as specified in Appendices 3-A and 3-B; tariff concessions applicable to the People's Republic of Bangladesh shall be as specified in Appendix 3; and tariff concessions applicable to Laos shall be as specified in Appendix 3-D.
Article 5(Tariff concessions in framework of global system of trade preferences among developing countries) #
General tariff concessions applicable to countries that have signed and joined the Global System of Trade Preferences among Developing Countries in the Framework of the United Nations Conference on Trade and Development Conference shall be as specified in Appendix 4.
Article 6(Goods subject to preferential application of tariff concessions) #
"Goods prescribed by Presidential Decree" in the proviso of Article 50(3) of the Customs Act means the goods defined in the columns titled "item name" of Appendices 1-B and 3-B.
Article 7(Increase of market access quotas) #
(1) The market access quotas specified in Appendices 1-B and 3-B may be increased, where a competent Minister requests in order to settle severe imbalance between supply of and demand for agricultural, forestry, or livestock products; to protect relevant domestic industries; and/or to facilitate supply of raw materials intended to acquire funds in foreign currencies, where such imbalance is caused by unforeseen circumstances including natural disasters, diseases, and harmful insects, or by structural factors such as weak production base. <Amended on Dec. 30, 2014>
(2) Necessary matters such as the goods, quantities, to which paragraph (1) applies, shall be prescribed by Decree of the Ministry of Economy and Finance. <Amended on Dec. 30, 2025>