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REGULATIONS ON TARIFF CONCESSIONS IN THE FRAMEWORK OF THE AGREEMENT ESTABLISHING THE WORLD TRADE ORGANIZATION, ETC.

Wholly Amended by Presidential Decree No. 24289, Jan. 1, 2013

Amended by Presidential Decree No. 25055, Dec. 31, 2013

Presidential Decree No. 25894, Dec. 30, 2014

Presidential Decree No. 27651, Dec. 1, 2016

Presidential Decree No. 27760, Dec. 30, 2016

Presidential Decree No. 28949, jun. 12, 2018

 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 by Presidential Decree No. 27651, 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 attached Tables 1-A, 1-B and 1-C.
[This Article Wholly Amended by Presidential Decree No. 27651, 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 attached Table 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 attached Tables 3-A and 3-B; tariff concessions applicable to the People's Republic of Bangladesh shall be as specified in attached Table 3; and tariff concessions applicable to Laos shall be as specified in attached Table 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 attached Table 4.
 Article 6 (Goods subject to Preferential Application of Tariff Concessions)
"Goods prescribed by Presidential Decree" in the proviso to Article 50 (3) of the Customs Act means the goods defined in the columns titled "item name" of attached Tables 1-B and 3-B.
 Article 7 (Increase of Market Access Quotas)
(1) The market access quotas specified in attached Tables 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, etc., 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 by Presidential Decree No. 25894, Dec. 30, 2014>
(2) Necessary matters such as the goods, quantities, etc., to which paragraph (1) applies, shall be prescribed by Ordinance of the Ministry of Strategy and Finance.
ADDENDA
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2013.
Article 2 (Applicability)
This Decree shall apply to the goods on which an import declaration is filed after this Decree enters into force.
ADDENDA <Presidential Decree No. 25055, Dec. 31, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2014.
Article 2 (Applicability)
The amended provisions of attached Tables 1-A, 1-B and 3 shall apply to the goods on which an import declaration is filed after this Decree enters into force.
ADDENDA <Presidential Decree No. 25894, Dec. 30, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2015.
Article 2 (Applicability to General Tariff Concession, etc.)
The amended provisions of Articles 2 and 7 (1), attached Tables 1, 3-A and 4 shall apply to the goods on which an import declaration is filed after this Decree enters into force.
ADDENDA <Presidential Decree No. 27651, Dec. 1, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Period of Validity of Tariff Concessions Made to Products in Field of Information Technology)
The amended provisions of attached Table 1-C remain valid until December 31, 2016.
Article 3 (Applicability to Tariff Concessions Made to Products in Field of Information Technology)
The amended provisions of Article 2 and attached Table 1-C shall apply to the goods on which an import declaration is filed after this Decree enters into force.
ADDENDA <Presidential Decree No. 27760, Dec. 30, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2017.
Article 2 (Applicability to General Tariff Concession, etc.)
The amended provisions of attached Tables 1-A, 1-B, 1-C, 3-A, 3-C, and 3-D shall apply to the goods on which an import declaration is filed after this Decree enters into force.
ADDENDA <Presidential Decree No. 28949, Jun. 12, 2018>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date when the Second Amendment to the Asia-Pacific Trade Agreement enters into force.
Article 2 (Applicability to General Tariff Concession, etc.)
The amended provisions of attached Tables 3-A, 3-B, 3-C, and 3-D shall apply to the goods on which an import declaration is filed after this Decree enters into force.