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Korea would limit duty free TRQ for fresh/frozen pork bellies to 20,000 MT

MIFAFF announced that it would limit the initial 70,000 MT duty free tariff rate quota for fresh/frozen pork bellies announced for the period April-June to 20,000 MT.

11 April 2012
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On April 2, 2012, the Ministry for Food, Agriculture, Forestry & Fisheries (MIFAFF) announced that it would limit the initial 70,000 MT duty free tariff rate quota (TRQ) for fresh/frozen pork bellies announced for the period April-June to 20,000 MT.

MIFAFF still has the option of using the remaining 50,000 MT depending on the future market situation. This announcement was made after MIFAFF reached a deal with the local swine industry who had threatened to halt pork sales unless the quota was scrapped.

Thursday April 5, 2012/ GAIN-USDA/ United States.
http://gain.fas.usda.gov/

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