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The following text is intended for general reference only. It is currently under review for accuracy and completeness, as well as formatting.
RECORD OF UNDERSTANDING BETWEEN KOREA AND THE UNITED STATES ON AGRICULTURAL MARKET ACCESS IN THE URUGUAY ROUND
December 13, 1993
Pork
Pork shall be liberalized by July 1, 1997, with
nothing but a bound duty (minus appropriate DFA reductions)
remaining. During the interim period (January 1995 through June
1997), Korea will provide access quotas for imported frozen pork*
in the amounts specified below. Duties applied on the quota
amounts shall not exceed the bound duty, with any charges or fees
applied in conformity with GATT Article VII. Korea shall show a
base rate of 37 percent reduced to a bound rate of 25 percent in
10 equal installments in its Uruguay Round country schedule. The
applicable tariff rate at the time of liberalization shall be
33.4 percent.
1995 21,930 MT WE
1996 29,240 MT WE
1997** 18,275 MT WE
* HS 0203.21.0000, HS 0203.22.0000, & HS
0203.29.0000
** January through June
Chicken
Chicken shall be liberalized by July 1, 1997,
with nothing but a bound duty (minus appropriate DFA reductions)
remaining. During the interim period (January 1995 through June
1997), Korea will provide access quotas for imported frozen
chicken* in the amounts specified below. Duties applied on the
quota amounts shall not exceed the bound duty, with any charges
or fees applied in conformity with GATT Article VIII. Korea shall
show a base rate of 35 percent reduced to a bound rate of 20
percent in 10 equal annual installments in its Uruguay Round
country schedule. The applicable tariff rate at the time of
liberalization shall be 30.5 percent.
1995 7,700 MT RTC
1996 10,400 MT RTC
1997** 6,500 MT RTC
* HS 0207.21.0000 & HS 0207.41.1000
** January through June
Dairy
Korea shall liberalize the following dairy
items on January 1, 1995 at the applied rates, minus appropriate DFA reductions.
HS 0406.30.0000 processed cheese 40 percent
HS 0406.90.0000 other cheese 40 percent
HS 1901.10.1010 preparations for infant use 40
percent*
HS 1901.90.2000 other food preparations 40
percent*
* Bound rate of duty is 60 percent; 1993 applied
rate of duty is 40 percent.
Korea shall liberalize whey powder (HS 0404.10.1000) and other whey (HS 0404.10.9000) on January 1, 1995, and shall establish a tariff rate quota for calendar year 1995 of 23,000 MT with an annual growth rate of 10 percent. The in-quota tariff rate shall be bound at 20 percent. Korea shall bind in its Uruguay Round country schedule a ceiling binding of 99 percent and shall reduce such rate by no less than 50 percent over the implementation period.
Fresh Oranges
Korea shall liberalize fresh oranges on July 1, 1997. Korea shall provide access quotas for imported fresh oranges* in the amounts specified below. Me quota shall be expanded from the 1997 base of 25,000 MT at an annual growth rate of 12.5 percent. The in-quota tariff shall be bound at 50 percent. Korea shall bind in its Uruguay Round country schedule a ceiling binding of 99 percent and shall reduce such rate by no less than 50 percent over the implementation period.
1995 15,000 MT
1996 20,000 MT
1997 25,000 MT
* HS 0805.10.0000
Orange Juice
Orange juice shall be liberalized by July 1, 1997, with nothing but a bound 60 percent duty (minus appropriate DFA reductions) remaining. During the interim period (January 1995 through June 1997), Korea will provide access quotas for imported orange juice* in the amounts specified below. Duties applied on the quota amounts shall not exceed the currently applied rate of 50 percent with any charges or fees applied in conformity with GATT Article VIII.
1995 50,000 MT
1996 55,000 MT
1997** 30,000 MT
* HS 2009. 11.1000, HS 2009.11.9000. HS
2009.19.1000, HS 2009.19.9000 & HS 2009.30.9000
** January through June
Beef (not covered by the current ROU)
Beef jerky (HS 0210.20.0000) shall be liberalized by July 1, 1997, with nothing but the applied 30 percent duty (minus appropriate DFA reductions) remaining.
Beef offal (HS 0206.29.0000) shall be liberalized by July 1, 1997, with nothing but the applied rate of 2Q percent ( minus appropriate DFA reductions) remaining.
BEEF
YEAR QUOTA AMOUNT DUTY MARK-UP PERCENT SBS
(MT RWE) (%) (%) (%)
1993 99,000 20 100 15
1994 106,000 20 95 20
1995 123,000 43.6 70 30
1996 147,000 43.2 60 40
1997 167,000 42.8 40 50
1998 187,000 42.4 20 60
1999 206,000 42 10 70
2000 225,000 41.6 0 -
2001 - 41.2 0 -
2002 - 40.8 0 -
2003 - 40.4 0 -
2004 - 40 0 -
All balance-of-payments restrictions on beef
shall expire no later than December 31, 2000.
In the year 2001, there shall be no quota, no
mark-up, no LPMO involvement, and complete
private sector autonomy regarding product
quantity, price, quality, and supplier. There shall be no government restrictions on product utilization.
The current July 15, 1993 Record of Understanding (L/7270) shall continue to apply except as modified to incorporate the provisions of the new understanding.
NONSENSITIVE UNLIBERALIZED BALANCE-OF-PAYMENTS ITEMS
Korea shall liberalize the following balance-of-payments items on January 1, 1995 or January 1, 1996, at the currently applied 1993 tariff rates.
HS CODE DESCRIPTION APPLIED RATE
0806 10 0000** Grapes, fresh 50
0808 10 0000* Apples, fresh 50
2009 60 0000* Grape juice 50
2009 70 0000** Apple juice 50
2202 90 2000* Beverage of fruit juice 10
* Korea agreed to liberalize these products in
1995.
** Korea agreed to liberalize these products in
1996.
DUTY REDUCTIONS: UNITED STATES MARKET
ACCESS REQUESTS FOR THE
REPUBLIC OF KOREA
HS TARIFF PRODUCT
------------------------------------------------------------------------------------------------------
0802 12 0000 ALMONDS, SHELLED
0902 32 0000 WALNUTS, SHELLED
0805 30 0000 FRESH LEMONS AND LIMES
0805 40 0000 FRESH GRAPEFRUIT
0806 20 0000 RAISINS
0809 20 0000 FRESH CHERRIES
0813 20 0000 PRUNES
1001 90 9000 WHEAT, OTHER (NOT DURUM)
*1005 90 1000 FEED CORN
*1005 90 2000 POPCORN
1101 00 1000 WHEAT FLOUR
*1105 10 0000 POTATO FLOUR AND MEAL
*1105 20 0000 POTATO FLAKES, PELLETS, ETC.
*1108 12 0000 CORN STARCH
*1202 20 0000 PEANUTS, SHELLED
1507 10 0000 SOYBEAN OIL, CRUDE
1507 90 1000 SOYBEAN OIL, REFINED
1512 11 1000 SUNFLOWER OIL, CRUDE
1512 19 1010 SUNFLOWER OIL, REFINED
1512 21 0000 COTTONSEED OIL, CRUDE
1512 29 1000 COTTONSEED OIL, REFINED
1601 00 1000 PORK SAUSAGE, INCLUDING HOT DOGS
1904 10 BREAKFAST CEREALS
2004 10 0000 FROZEN FRENCH FRIES
2005 80 0000 SWEET CORN, NOT FROZEN
2009 20 0000 GRAPEFRUIT
2104 10 SOUP AND BROTH
2304 00 SOYBEAN MEAL
2309 90 1010 MIXED FEEDS, FOR PIGS
2309 90 1020 MIXED FEEDS, FOR FOWLS
2309 90 1040 MIXED FEEDS, FOR BOVINE ANIMALS
The duties on the products shown above shall be
reduced by 40 percent, for each individual tariff line, from the
duty levels applied in 1993 and shall be bound at the reduced
levels. These reductions shall be implemented in ten equal
installments, from 1995 to 2004.
* These products (HS 1005. 90.1000, 1005.90.2000,
1105.10.0000, 1105.20.0000, 1202.20.0000
1108.12.0000) are subject to tariffication; the
reduction commitments on these products shall be made on the in-quota tariff rates.
DUTY REDUCTIONS: UNITED STATES MARKET
ACCESS REQUESTS FOR THE REPUBLIC
OF KOREA
HS TARIFF PRODUCT DFA 1993 FINAL % CUT
LINE BASE APPL RATE FROM DFA BASE
------------------------------------------------------------------------------------------------------
0802 12 0000 ALMONDS, 50 35 21 58
SHELLED
0802 32 0000 WALNUTS, 50 50 30 40
SHELLED
0805 30 0000 FRESH LEMONS 50 50 30 40
AND LIMES
0805 40 0000 FRESH 50 50 30 40
GRAPEFRUIT
0806 20 0000 RAISINS 50 35 21 58
0809 20 0000 FRESH CHERRIES 50 40 24 52
0813 20 0000 PRUNES 50 40 24 52
1001 90 9000 WHEAT, OTHER 1OB 3 1.8 82
(NOT DURUM)
1005 90 1000 FEED CORN 10 3 1.8 82
1005 90 2000 POPCORN 10 3 1.8 82
1101 00 1000 WHEAT FLOUR 30B 7 4.2 86
1105 10 0000 POTATO FLOUR 30 9 5.4 82
AND MEAL
*1105 20 0000 POTATO FLAKES, 30 9 5.4 82
PELLETS, ETC.
*1108 12 0000 CORN STARCH 25 9 5.4 78.4
*1202 20 0000 PEANUTS, 40 40 24 40
SHELLED
1507 10 0000 SOYBEAN OIL, 30B 9 5.4 82
CRUDE
1507 90 1000 SOYBEAN OIL, 30B 9 5.4 82
REFINED
1512 11 1000 SUNFLOWER OIL, 40 30 18 55
CRUDE
1512 19 1010 SUNFLOWER OIL, 40 30 18 55
REFINED
1512 21 0000 COTTONSEED 30B 9 5.4 82
OIL, CRUDE
1512 29 1000 COTTONSEED 30B 9 5.4 82
OIL, REFINED
1601 00 1000 PORK SAUSAGE, 35 30 18 48.6
INC. HOT DOGS
1904 10 BREAKFAST 60B 9 5. 4 91
CEREALS
2004 10 0000 FROZEN FRENCH 35 31 18 4 8.6
FRIES
2005 80 0000 SWEET CORN, 60B 25 15 75
NOT FROZEN
2009 20 0000 GRAPEFRUIT 60B 50 30 50
JUICE
2104 10 SOUP AND 60B 30 18 70
BROTH
2304 00 SOYBEAN MEAL 20B 3 1.8 91
2309 90 1010 MIXED FEEDS, 20B 7 4.2 79
FOR PIGS
2309 90 1020 MIXED FEEDS, 20B 7 4.2 79
FOR FOWLS
2309 90 1040 MIXED FEEDS, 20B 7 4.2 79
FOR BOVINE
ANIMALS
The duties on the products shown above shall be
reduced by 40 percent, for each individual tariff line, from duty
levels applied in 1993 and shall be bound at the reduced levels.
These reductions shall be implemented in ten equal installments,
from 1995 to 2004.
* These products (HS 1005.90.1000, 1005.90.2000,
1105.10.0000, 1105.20.0000, and 1108.12.0000) are subject to
tariffication; the reduction commitments on these products shall
be made on the in-quota tariff rates.
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