Eggs to be Duty-Free Until Year-End... Related Regulation Amendment Approved at Cabinet Meeting
[Sejong=Asia Economy Reporter Kim Hyunjung] The Ministry of Economy and Finance announced on the 22nd that it has approved a revision to the tariff quota regulations to reduce the tariff rate applied to egg imports to 0% until the end of this year at the Cabinet meeting.
This extension of the zero-tariff application for eggs is due to the continuously high egg prices and was previously discussed at the 'Vice Ministerial Price Meeting and Policy Review Meeting' on June 2.
Although it was originally scheduled to end in the first half of the year, the decision to extend was made to stabilize egg prices early, which are closely related to the daily lives of ordinary citizens.
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Accordingly, eight egg-related items (fresh eggs, processed eggs, yolk powder/liquid, whole egg powder/liquid, egg white albumin powder/liquid), totaling 36,000 tons, can be imported duty-free until the end of this year.
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