• Title/Summary/Keyword: Tariff Rates

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Core Issues and Tariff Reduction of Timber Products in Non-Agricultural Market Access on WTO/DDA in Korea (WTO/DDA협상 비농산물시장접근분야의 목재류의 주요 쟁점 및 관세 감축 영향)

  • Lee, Seong Youn;Jung, Byung-Heon;Song, Young Gun;Kim, Se Bin;Kwak, Kyung Ho
    • Journal of Korean Society of Forest Science
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    • v.97 no.4
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    • pp.408-416
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    • 2008
  • This study was analyzed the changes of the tariff reduction for the timber products according to the modalities proposed by the chairman of Non-agriculture Market Access. The resulted data would be expected to be used for establishing the strategies for the WTO/DDA negotiation of Korea. As WTO/DDA negotiation was officially resumed in the early 2007. It was necessarily required to develop a strategy how to address debating core issues raised during the negotiation since 2006. For this purpose, major core issues and agenda were arranged and analyzed in this study. In Korea, the results of the analysis show that, in the position of developed members, the applicable tariff rates after the tariff reduction of sawnwood and veneer sheet was not different from that in 2007. However, in the position of developing members, the applicable tariff rate of sawnwood and veneer sheet was increased after the tariff reduction. The unbound tariff lines, wood-based panels such as plywood and medium-density fiberboard, the applicable tariff rate after the tariff reduction was analyzed to be reduced more than 50% in the position of developed members, and therefore is determined to be considerable influenced upon the applicable tariff rates. On the other hand, in the position of developing country the tariff rates after the tariff reduction was higher than that of the applicable tariff rates in 2007. Thus no changes of the tariff reduction by a negotiation agreement was analyzed to be happened.

A Study on deciding factors of freight tariff for Truck Safety Rates (화물자동차 안전운송 운임제 운임결정 요인 연구)

  • Park, Ji-Hoon;Kim, Hwan-Seong
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2019.11a
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    • pp.193-194
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    • 2019
  • Due to structural problems in the transportation market, such as fraudulent competition and multi-level transportation transactions, tariff are not properly refIected to the final trucker even if freight tariff are increased due to diesel price hikes and transportation cost increases. By Launched "standard tariff system" in 2017 based on the trucks, government would tried to guarantee the minimum tariff such that prevents overloading, speeding, and strain for trucker. However, It is necessary to analyze in advance the issue of the system and its impact on container freight. Thus, this study analyzes the issues and countermeasures related to the tariff system that is formed when the "Truck Safety Rates" is introduced, and also analyzes the influence factors of the expenditure cost on the container freight which is applied to the "Truck Safety Rates".

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An Analysis of the Impact of US Beef Import Tariff Rate Changes on the Korean Beef Cattle Market (미국산 쇠고기 수입관세율 변화가 한육우 시장에 미치는 영향분석)

  • Kim, Da-Hae;Kim, In-Seck
    • Korean Journal of Organic Agriculture
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    • v.28 no.1
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    • pp.31-57
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    • 2020
  • Korea-US FTA amendment became effective January 1, 2019 through several trade negotiations between the two countries. These amendments did not include changes in the agricultural sector. However, given the policy direction of the Trump administration, it is difficult to be certain that the existing Korea-US FTA on the agricultural sector will remain unchanged. This study examines the potential impact of changes in the US beef import tariff rates under the Korea-US FTA, which is progressively eliminated until 2026 using a dynamic partial equilibrium model. The modelling system is simulated with 100% decreases of tariff rates over 2020~2026 period and then compared to the baseline which is developed based on the current Korea-US FTA tariff rates. According to the scenario analyses results, 100% decreases of US beef tariff rate lowered Korean beef cattle production value up to 4.23%. Looking at this change in terms of absolute value rather than percentage, the total production value over 2020~2026 is expected to decrease by 815 billion won compared to Baseline. This reduction in production value in dynamic analysis is 67 billion won higher than the comparative static analysis.

Economic Impact of the Tariff Reform : A General Equilibrium Approach (관세율(關稅率) 조정(調整) 경제적(經濟的) 효과분석(效果分析) : 일반균형적(一般均衡的) 접근(接近))

  • Lee, Won-yong
    • KDI Journal of Economic Policy
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    • v.12 no.1
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    • pp.69-91
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    • 1990
  • A major change in tariff rates was made in January 1989 in Korea. The benchmark tariff rate, which applies to about two thirds of all commodity items, was lowered to 15 percent from 20 percent. In addition, the variation in tariff rates among different types of commodities was reduced. This paper examines the economic impact of the tariff reform using a multisectoral general equilibrium model of the Korean economy which was introduced by Lee and Chang(1988), and by Lee(1988). More specifically, this paper attempts to find the changes in imports, exports, domestic production, consumption, prices, and employment in 31 different sectors of the economy induced by the reform in tariff rates. The policy simulations are made according to three different methods. First, tariff changes in industries are calculated strictly according to the change in legal tariff rates, which tend to over-estimate the size of the tariff reduction given the tariff-drawback system and tariff exemption applied to various import items. Second, tariff changes in industries are obtained by dividing the estimated tariff revenues of each industry by the estimated imports for that industry, which are often called actual tariff rates. According to the first method, the import-weighted average tariff rate is lowered from 15.2% to 10.2%, while the second method changes the average tariff rate from 6.2% to 4.2%. In the third method, the tariff-drawback system is internalized in the model. This paper reports the results of the policy simulation according to all three methods, comparing them with one another. It is argued that the second method yields the most realistic estimate of the changes in macro-economic variables, while the third method is useful in delineating the differences in impact across industries. The findings, according to the second method, show that the tariff reform induces more imports in most sectors. Garments, leather products, and wood products are those industries in which imports increase by more than 5 percent. On the other hand, imports in agricultural, mining and service sectors are least affected. Domestic production increases in all sectors except the following: leather products, non-metalic products, chemicals, paper and paper products, and wood-product industries. The increase in production and employment is largest in export industries, followed by service industries. An impact on macroeconomic variables is also simulated. The tariff reform increases nominal GNP by 0.26 percent, lowers the consumer price index by 0.49 percent, increases employment by 0.24 percent, and worsens the trade balance by 480 million US dollars, through a rise in exports of 540 million US dollars and a rise in imports of 1.02 billion US dollars.

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A Study on Promoting the Intra-Regional Trade in Southeast Asia (동남아시아 역내교역 결정요인 분석 및 시사점)

  • Ra, Hee-Ryang
    • The Southeast Asian review
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    • v.24 no.2
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    • pp.35-79
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    • 2014
  • This study examines the measures for the activation and the growth of intra-regional trade in Southeast Asia taking a look at the four dimensions of tariff rates, non-tariff barriers, trade facilitations, and trade infrastructures. Utilizing a gravity model, we performed empirical analysis and discussed the policy implications with the priorities to implement. To expand the intra-regional trade in Southeast Asia it would be necessary to enhance the level of trade facilitations and provide trade infrastructures, such as ports and airports as well as cutting the tariff rates and eliminating the non-trade barriers. In particular, in the case of exports of ASEAN6 to ASEAN6 the infrastructure is the important factor. Also, in the case of the exports of ASEAN6 to CLMV(Cambodia, Laos, Myanmar, and Vietnam), it is expected that eliminating non-tariff barriers and enhancing trade facilitations may play important roles in the progress of intra-regional trade. These results may provide the important implications for Southeast Asian countries, which are trying to promote intra-regional trade ahead of the constitution of ASEAN Economic Community by 2015. Southeast Asian countries could be evaluated to achieve a certain level of trade liberalization and economic integration through the formation of AFTA. But in order for Southeast Asia to develop to advanced economic integrated region it requires mutual cooperations and policy harmonizations among regional countries. Also, for the elimination of non-tariff barriers, promoting trade facilitations, and providing infrastructures, the administrative, legal, and institutional measures would have to be fulfilled in advance. In addition, capital investment for constructing infrastructures would be necessary to realize the intra-regional trade expansion. However, to achieve the goal, it would require a large capital investment and highly mandated policy considerations and harmonizations among Southeast Asian countries in terms of further trade liberalization and economic integration.

Analysis of Economic Feasibility of New & Renewable Energies ($\cdot$재생에너지 원별 경제성 분석 - 태양광, 풍력, 소수력 발전을 중심으로 -)

  • Kim Zin-Oh;Kim Jung-Wan;Boo Kyung-Jin
    • New & Renewable Energy
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    • v.1 no.1 s.1
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    • pp.79-86
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    • 2005
  • This study conducted an analysis of economic feasibility with unit generating costs calculated based on scenarios of capacity factors, discount rates, government supporting rates, installation costs. However, It Is clear that few new and renewable energies can meet the tariffs [government purchasing prices] set by the government in light of the current market reality. Without the government support, solar PV is not economically feasible at the tariff of \716.40/kWh. in the case of wind Power, the current tariff of \107.66/kWh is not enough to make it competitive except for a mid- and large-scale wind farm The analysis showed that even small hydro is not economically acceptable at the current tariff of \73.69/kWh.

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A Historical Study on the Joseon Government's Attempt to Recover the Tariff Autonomy during the Period of Port Opening (개항기 조선정부의 관세자주권 회복 시도)

  • Yun, Kwang-Woon
    • Korea Trade Review
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    • v.44 no.1
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    • pp.301-319
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    • 2019
  • This study is to review the Joseon government's attempt to recover the tariff autonomy lost in the course of entering into the unequal treaty with then-Japan government, as well as the practical effort to realize such an attempt. Among other attempts, the Joseon government ① began imposing tariffs starting September 1878 by establishing Dumopo Customs Office in Busan, ② dispatched on April 1881 a group of investigators to the competent authorities to review and look back the Joseon's tariff system against Japan and ③ entered into a tariff negotiation with then-Japan government on September 1881 with the emissary (Susinsa) Byeong-ho Jo representing the Joseon government. A series of these attempts, in line with each other, represents the Joseon government's ceaseless, constant effort to recover the tariff autonomy, which is what this study intends to review from the modern-day perspectives. Authored by Byeong-ho Jo to capture an advantageous position in the 1881's tariff negotiation against then-Japan government, 「Joilseui」 successfully represented the Joseon government's position on matters of ① the Japanese tax-autonomous district in Korea, ② defining tariff rates, ③ use of Japanese Yen for payment of tariffs, ④ effective period of the treaty and ⑤ export restrictions on grains. Failure of the Joseon government's attempt to recover the Tariff autonomy was attributable not only to, as 「Joilseui」 defined, ① governments' non-cooperative attitudes on the negotiation table, ② lack of authorities that the entrusted bodies had, ③ import tariffs defined high and ④ export restrictions on grains and red ginseng, but also to loss of the tariff autonomy in 1876 and the 1881's negotiation broken down that were plotted by then-Japan government's invasive policy.

Implementation Assessment of WTO Agricultural Agreement and its Impacts on Non-Timber Forest Products Markets (WTO 농업협정(農業協定)의 이행평가(履行評價)와 단기소득임산물(短期所得林産物) 시장(市場)에 미친 영향(影響))

  • Joo, Rin Won;Jung, Byung Heon;Jeon, Hyon Sun;Kim, Eui Gyeong;Kim, Wae Jung
    • Journal of Korean Society of Forest Science
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    • v.90 no.3
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    • pp.373-379
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    • 2001
  • The objectives of this study were to assess implementation on tariff quotas and tariff cuts committed in the WTO as result of Uruguay Round(UR) negotiations and to examine impacts of reductions in agricultural protection agreed in the UR on major non-timber forest products markets. The implementation of WTO Agreement on Agriculture was analysed based on the relevant data and statistics. The impacts of implementation on tariff cuts and tariff quotas on non-timber forest products markets were estimated by using supply and demand elasticities from previous studies and data on production, consumption and trade after UR. The quantities of Chestnut, Pine nut and Jujube imported by the system of tariff quota did not exceed the committed quotas over the five years from 1995 to 1999. The current level of applied rates on imports of non-timber products is much lower than that of bound rates, which will be maintained until the year 2004. It is estimated that increase in imports after UR reduced prices and that reduction in prices led to decrease in expenditure and to increase in consumer surplus. It is estimated, however, that production level significantly decreased due to rise in imports and that the negative effects on production exceeded positive effects on consumption. Exports of most non-timber forest products decreased after UR even though non-timber forest products could gain access to the export markets at the lower tariffs as a result of UR.

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Impacts of Tariff Reduction of Timber Products in Non-Agricultural Market Access on WTO/DDA Negotiations in Korea - based on the tentative agreements of WTO/DDA Negotiations - (WTO/DDA협상 NAMA분야의 목재류 관세감축 영향 분석 -잠정타협안을 중심으로 -)

  • Lee, Seong Youn;Jung, Byung-Heon
    • Journal of Korean Society of Forest Science
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    • v.98 no.4
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    • pp.417-425
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    • 2009
  • This study analyzed core issues addressed in the tentative agreement of WTO ministerial meetings held to finish WTO/DDA negotiations in Geneva in July 2008. The objectives of this study are to analyze changes in tariff reduction on timber products, and their influence on demand and supply of the items according to the modality of Non-Agricultural Market Access (NAMA) and to provide basic information for strategy formulation of our country for further WTO/DDA negotiations. The results indicate that there will not be significant changes in the tariff on sawnwood and on veneer sheets, however, the tariff on plywood need to be cut by around 50% from the applicable tariff rates of 2008 on condition that our country is in the position of developed countries. Therefore, the item of plywood is expected to be influenced greatly according to the change in tariff reduction. From the analysis of influence of tariff reduction on the demand and supply of timber products including sawnwood and wood based panels, such as plywood, particleboard, and fiberboard, the import quantities of the items are expected to be changed from 0.8% to 13.3% if our country is in the position of developed countries, however, they are expected to decline by 0.8%~44.3%, if our country is in the position of developing countries (22, coefficient for developing members).

A Study on the Adjustment of Tariff Rates and Construction Fee in Korean District Heating Industry (지역난방사업의 공사비부담금과 열요금 연계조정방안에 관한 연구)

  • Kim, Hyunsook
    • Environmental and Resource Economics Review
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    • v.17 no.3
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    • pp.91-134
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    • 2008
  • Korean district heating companies levy comprehensive construction fee on consumers in the beginning of construction period and the consumers' burden is much higher than those in any other network industries in Korea. It has also many problems such as inappropriate fee calculation method, cross subsidization, property right dispute, etc.. I show that the cut of construction fee by 30% and at the same time, the upward adjustment of tariff rates by 4~6% for 20 years on average will maintain current profitability based on the standard model simulation, I also suggest that fixed charge part of double tariff should be increased to 25% of total tariff and the cut of construction fee should be levied on fixed charge, directly to improve efficiency.

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