South Korea eliminates tariffs on imported pork

by Editor
Thursday, August 04, 2011

The South Korean Ministry of Strategy and Finance announced that it will impose zero tariffs on all imports of pork for processing through Sept. 30.

The Ministry of Strategy and Finance will allow a total 260,000 metric tons of frozen and chilled pork to enter tariff-free this year as the government tries to curb inflation amid the country's recovery from a recent foot-and-mouth outbreak. Imports exceeding that amount are subject to a tariff of 22.5%.

South Korea imported 4,500 metric tons of chilled pork for food processing.