South Korea to raise quota for tax free meat imports

South Korea will raise the volume limit of imported pork subject to its tariff quota system, in a bid to tame rising food costs.
Tuesday 15 February 2011 (7 years 3 days ago)
South Korea will raise the volume limit of imported pork subject to its tariff quota system, in a bid to tame rising food costs.

Last month, the government imposed a tariff quota on a total of 60,000 tonnes of pork, cutting import taxes from 25% to zero until June. Vice Minister of Strategy and Finance Jong-Yong Yim said this amount would be increased in order to remove market anxiety caused by recent price instability.

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