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South Korea to cut tariff quotas on pork imports amid raging FMD

The ministry 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 this month. A total of 60,000 tons of pork will be subject to the tariff reduction.
27 January 2011
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The ministry 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 this month. A total of 60,000 tons of pork will be subject to the tariff reduction.

The tariff quota allows the government to cut tariff on the import of up to 40 percent in order to stabilize prices or to help certain industries. The measure will remain effective until the end of June.

http://news.xinhuanet.com/english2010/business/2011-01/25/c_13706475.htm

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