Korean government lifts meat restrictions as FMD cri - leatherbiz: Lea Leatherbiz

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Korean government lifts meat restrictions as FMD crisis continues

08/02/2011
South Korea’s foot-and-mouth disease (FMD) crisis is now in its third month. Among the meat sectors affected, there has been a huge spike in pork prices. To help ensure an adequate supply of pork and alleviate soaring prices, the government has announced a tariff relief measure on 60,000 tonnes of imported pork.

Pork imported into Korea from most overseas suppliers is subject to a 25% duty. But between now and June 30, duty-free access will be granted for a 50,000 tonne tariff rate quota (TRQ) of frozen pork products intended primarily for further processing. A separate, 10,000 tonne TRQ has also been established specifically for frozen pork belly.


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