Korea to Cut Pork Tariff, Take Other Measures to Stabilize Prices
According to Chinese press sources, South Korea's Ministry of Strategy and Finance stated that it will impose a zero-duty tariff quota on imported pork to cope with the unstable supply caused by the country's ongoing epidemic of foot-and-mouth disease and…
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stabilize prices. The ministry also said the current tariff of 25 percent on pork used as a raw material for meat processed products will be lowered to zero percent starting in January. A total of 60,000 tons of pork will be subject to the tariff reduction. The measures will remain effective until the end of June.