In addition, tariff-free imports of agricultural and livestock products in South Korea

Published Apr 3, 2023

Tridge summary

The government is planning to cut tariffs on seven agricultural and livestock products from May, including chicken and green onion, raising concerns about the potential damage to the domestic agricultural production base. The move comes despite concerns about inflation following similar tariff measures last year. Critics argue that the government is not properly considering supply and demand and price status, citing examples of increased imports and falling prices for green onions and radish. The proposed tariff cuts could exacerbate these trends, leading to increased burdens on domestic producers and raising questions about the effectiveness and fairness of the government's price policy.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Concerns about the damage to the domestic agricultural production base are growing as the price authorities again take out the quota tariff card for agricultural and livestock products. The government recently held an emergency economic and public livelihood meeting and announced that it would cut tariff rates on seven items, including chicken, green onion, radish, potato chips, and broiled duck eggs, from May. According to this, from May to June 30, up to 30,000 tons of chicken, which currently have a tariff rate of 20 to 30 percent, are tax-free. The current tariff rates of 27% and 30%, respectively, for green onion and radish, are subject to a quota tariff (0%) for the same period. Up to 5,000 tons of green onion and radish are duty-free for all imports during the quota tariff period. Tariff quotas will be applied to 10 tons of duck eggs until the end of June and 13,000 tons of potatoes for chip making until November 30. In the agricultural world, it is pointed out that ...

Source: Nongmin