AreaRepublic of Korea

Commodity GroupOilseeds, oils and meals

CommoditySoymeal, cottonseed meal, animal/vegetable fat

Date01/01/2019

Policy CategoryTrade

Policy InstrumentImport policy

DescriptionRenewed its voluntary tariff rate quotas for feed ingredients (including soybean meal, cottonseed meal and animal/vegetable fat) for the year 2019.

NotesThe Republic of Korea renewed, for calendar year 2019, its voluntary tariff rate quotas for feed ingredients, including soybeanmeal, cottonseedmeal and animal/vegetable fat (see also MPPU Mar.’15). The tariff concessions are intended to assist domestic livestock producers by reducing the cost of inputs.