• Title/Summary/Keyword: Tariff System

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A HS tariff classification service based on a knowledge convergence performance system supporting decision elements and field terms (결정요소 및 현장용어 지원 지식융합 수행 시스템 기반의 HS 관세분류 서비스에 관한 실증 연구)

  • Kim, Eunsoo;Song, ByungJun;Lee, Jong Yun
    • Journal of the Korea Convergence Society
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    • v.6 no.1
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    • pp.49-55
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    • 2015
  • In the FTA environment, it is necessary to comply with the rules of origin in order to receive duty-free benefits. To do this, they have to precede the Harmonized System(HS) tariff classification of the goods and understand thoroughly the basic principles that constitute the tariff schedule of HS classification. For the correct classification, they should understand exactly the product name of "Heading" about the items, "Legal Note" in the relevant "Section" or "Chapter" as well as provisions of the commentary. Therefore, this paper proposes to develop a HS classification services based on the performance system of knowledge convergence of field terms commonly used in various industries. In result, our services can provide users the conveniences which users first selects one of seven decision elements of the classification and perform the classification easily and accurately.

Comparison of Tariff Structures of Forest Products Between Korea and China (한-중 임산물관세구조 비교분석)

  • Chang, Cheol-Su;Lee, Sang-Min
    • Journal of Korean Society of Forest Science
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    • v.97 no.1
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    • pp.102-112
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    • 2008
  • The main purpose of this study is to provide informations by comparing and analyzing tariff structures for the upcoming FTA negotiation between Korea and China. China is the biggest trade partner of Korea, sharing 33% of total trade value of forest products. However, import takes majority of trade value and it grows constantly. The results of FTA negotiation may have large impacts on Korean forest industry. The conclusions indicate that China subdivides items more complicatedly, and impose lower tariffs on forest products except stone than Korea. Besides, China has tariff escalation system that imposes lower duties on raw material than the manufactured, and also charges different rates of tariff on items of the same heading number according to the degrees of manufacturing. Furthermore, Korea imposes adjustment duties and didn't grant concessions on plywood and board items for protection of domestic industries, however, China already made concessions on all items. As a result of this, it will be unavoidable for Korea to increase import value from China, and tariff removal will have more negative impacts on Korea than China.

The Effect on Aviation Industry by WTO Agreement on Trade in Civil Aircraft and Policy Direction of Korea (WTO 민간항공기 교역 협정이 항공산업에 미치는 영향과 우리나라의 정책 방향)

  • Lee, Kang-Bin
    • The Korean Journal of Air & Space Law and Policy
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    • v.35 no.2
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    • pp.247-280
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    • 2020
  • For customs-free and liberalization on the trade of aircraft parts, the WTO Agreement on Trade in Civil Aircraft was separately concluded as plurilateral trade agreement at the time of launching WTO in 1995, and currently 33 countries including the United States and the EU are acceded but Korea does not. Major details of the Agreement on Trade in Civil Aircraft include product coverage, the elimination of customs duties and other charges, the prohibition of government-directed procurement of civil aircraft, the application of the Agreement on Subsides and Countervailing Measures, and the consultation on issues related to this Agreement and dispute resolution. Article 89 paragraph 6 of the current Customs Act was newly established on December 31, 2018, and the tariff reduction rate for imports of aircraft parts will be reduced in stages from May 2019 and the tariff reduction system will be abolished in 2026. Accordingly, looking at the impact of the Agreement on Trade in Civil Aircraft on the aviation industry, first, as for the impact on the air transport industry, an tariff allotment of the domestic air transport industry is expected to reach about 160 billion won a year from 2026, and upon acceding to the Agreement on Trade in Civil Aircraft, the domestic air transport industry will be able to import aircraft parts at no tariff, so it will not have to pay 3 to 8 percent import duties. Second, as for the impact on the aviation MRO industry, if the tariff reduction system for aircraft parts is phased out or abolished in stages, overseas outsourcing costs in the engine maintenance and parts maintenance are expected to increase, and upon acceding to the Agreement on Trade in Civil Aircraft, the aviation MRO industry will be able to import aircraft parts at no tariff, so it will reduce overseas outsourcing costs. If the author proposes a policy direction for the trade liberalization of aircraft parts to ensure competitiveness of the aviation industry, first, as for the tariff reduction by the use of FTA, in order to be favored with the tariff reduction by the use of FTA, it is necessary to secure the certificate of origin from foreign traders in the United States and the EU, and to revise the provisions of Korea-Singapore and Korea-EU FTA. Second, as for the push of acceding to the Agreement on Trade in Civil Aircraft, it would be resonable to push the acceding to Agreement on Trade in Civil Aircraft for customs-free on the trade of aircraft parts, as the tariff reduction method by the use of FTA has limits. Third, as for the improvement of the tariff reduction system for aircraft parts under the Customs Act, it is expected that there will take a considerable amount of time until the acceding to the Agreement on Trade in Civil Aircraft, so separate improvement measures are needed to continue the tariff reduction system of aircraft parts under Article 89 paragraph 6 of the Customs Act. In conclusion, Korea should accede to the WTO Agreement on Trade in Civil Aircraft to create an environment in which our aviation industry can compete fairly with foreign aviation industries and ensure competitiveness by achieving customs-free and liberalization on the trade of aircraft parts.

A study on Strategy of Korea-U.S.A. FTA Negotiation in Cosmetics Industry and Reformation of Cosmetics Law (한국 화장품산업의 한.미 FTA 통상협상전략과 관련 법규 개선방향에 관한 연구)

  • Park, Sang-Gi
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.34
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    • pp.189-223
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    • 2007
  • In Korea-U.S.A. FTA Negotiation, U.S.A. request to eliminate barriers of tariffs and non-tariff in trade of cosmetics. Korea applies tariffs of 8% on most cosmetics and personal care products. There are some non-tariffs barriers in cosmetics trade between Korea and U.S.A., for example, transparency on restriction and regulatory, cosmeceuticals, import clearance review, quality control testing, ingredient labelling. Tariffs of 8% on most cosmetics should be eliminated, a proviso of complementary measures on sanitation of Korean people about imported cosmetics. This is a meaning of reformation of prior management(tariffs) by strong ex post management in cosmetics trade. It is important that Korea should construct system of ex post management, for instance, construction of data base on manufacturer, importer, bland name of cosmetics and all ingredients of cosmetics. This is concerned with labelling of cosmetics and cosmeceutical and publication of Korean edition of INCI(International Nomenclature of Cosmetic Ingredient).

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Evaluation of renewable generation cost for designing the purchasing tariff system about renewable energy power (신.재생에너지전원의 발전차액지원제도 적용을 위한 발전원가 적용범위 산정)

  • Jo, I.S.;Rhee, C.H.
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.840-842
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    • 2005
  • Since 2001, Korea government has been purchasing the generation from renewable generation facilities with the higher incentive prices than market price in order to increase the penetration of renewable energies. Generally, the incentive purchase tariff is calculated on the base of the generation cost of renewable power facilities. This paper constructs the input data for economic analysis and evaluates the generation cost of PV, wind power, LFG and small hydro power using LCCA model.

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A Comparative Study on FTA Verification System Among Korea vs USA, EU (한국과 미국, EU의 FTA협정 상 원산지검증에 대한 비교연구)

  • Kim, Man Gil;Chung, Jae Wan
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.58
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    • pp.267-286
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    • 2013
  • Origin verification is regarded most essential for FTA performance administration. This administration is divided into direct and indirect system where Korea has adapted indirect system to Korea-EU FTA while direct system to Korea-USA FTA. A comparative analysis was conducted on the system of origin verification and provisions contained in preferential tariff law of each countries. The study finds that Korean origin verification system is a bit lack of procedural provision resulting in less protection of domestic trader's rights. Another point is that Korean Customs Authority is weak, in respect of organization and man power, to protect illegal bilateral tariff application by counter part FTA countries. And therefore this study suggests the policy makers to arrange detailed FTA origin verification procedures with earliest meeting with counter part FTA countries, and further stress that make up of organization and man power for origin verification in a timely manner.

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An Economic Evaluation under Thailand Feed in Tariff of Residential Roof Top Photovoltaic Grid Connected System with Energy Storage for Voltage Stability Improving

  • Treephak, Kasem;Saelao, Jerawan;Patcharaprakiti, Nopporn
    • International Journal of Advanced Culture Technology
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    • v.3 no.1
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    • pp.120-128
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    • 2015
  • In this paper, Residential roof top photovoltaic system with 9.9 kW design is proposed. The system composed of 200 Watts solar array 33 panels connecting in series 10 strings and parallels 3 strings which have maximum voltage and current are 350 V and 23.8 A. The 10 kW sinusoidal grid-connected inverter with window voltage about 270-350 is selected to convert and transfer DC Power to AC Power at PCC (Point of Common Coupling) of power system following to utility standard. However the impact of fluctuation and uncertainty of weather condition of PV may decrease the voltage stability and voltage collapse of power system. In order to solve this problem the energy storage such 120 V 1200 Ah battery bank and 30 kVAR capacitor are designed for voltage stability control. The other expensed for installing the system such battery charger, cable, accessories and maintenance cost are concerned. The economic analysis by using investment from money loan with interest about 7% and use own money which loss income of deposit about 3% are calculated as 671,844 and 547,044 for PV system with energy storage and non energy storage respectively. The solar energy from PV is about 101,616 Bath per year which evaluated by using the value of $5kWh/m^2/day$ from average peak sun hour (PSH) of the Thailand and 6.96 Bath/kWh of Feed in Tariff Incentive. The payback periods of four scenarios are proposed follow as i) PV system with energy storage and use loan money is 15 years ii) PV system with no energy storage and use loan money is 10 years iii) PV system with energy storage and use deposit money is 9 years iv) PV system with energy storage and use deposit money is 7 years. In addition, the other scenarios of economic analysis such no FIT support and other type of economic analysis such NPV and IRR are proposed in this paper.

Mixed Integer Programming (MIP)-based Energy Storage System Scheduling Method for Reducing the Electricity Purchasing Cost in an Urban Railroad System (도시철도 시스템 전기요금 절감을 위한 혼합정수계획법 기반 ESS(에너지저장장치) 스케줄링 기법)

  • Ko, Rakkyung;Kong, Seongbae;Joo, Sung-Kwan
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.7
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    • pp.1125-1129
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    • 2015
  • Increasing peak load is one of the major concerns about operation of urban railroad systems. Since ESSs (Energy Storage Systems) have a great potential for shaving the peak load, there has been a growing interest in the use of ESS for peak load reduction. Also, ESS can be optimally scheduled to minimize the electricity purchasing cost under a given ToU (Time-of-Use) tariff by taking advantage of electricity price difference between peak and off-peak time. This paper presents a Mixed Integer Programming (MIP)-based ESS scheduling method to minimize the electricity purchasing cost under a ToU tariff for an urban railroad system.

The Development Programs of State-operated Trade Corresponding WTO/DDA Agriculture Negotiation (WTO/DDA 농업협상에 대응하는 국영무역 발전방안 연구)

  • Lee, Byung-Ki
    • Journal of Agricultural Extension & Community Development
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    • v.10 no.2
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    • pp.211-227
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    • 2003
  • According to the TRQ system created by WTO agreement on agriculture, Korea notified the WTO of the application of tariff rate quotas for 67 agricultural commodities(now, 63 commodities). Among these government administrate state-operated trade for 17 commodities. However, WTO/DDA negotiation will bring about lowering tariffs and increasing quantities of tariff quota. This study suggest the development programs corresponding WTO/DDA agriculture negotiation. First, from the viewpoint of the protection of domestic agriculture & improving transparency of agricultural import administration, the administration system of the state-operated trade will be necessary to be transformed for market oriented methods. Second, the administration system of the state-operated trade will be necessary to be rendered unified organization also. The current system of the state-operated trade shows the phenomena og many divergency. And third, The quantities of market access of FTA between Korea and Chile will be desirable to be administrate by state-operated trade. Because, according to diffusion of FTA treaties, the amount of market access quantities of FTA increase rapidly henceforth.

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Comparative Analysis of Customs Drawback Systems in Korea and China (한중 관세환급제도에 관한 비교분석)

  • La, Kong-Woo;Lee, Seon-Pyo;Hong, Gil-Jong
    • International Commerce and Information Review
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    • v.13 no.1
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    • pp.217-241
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    • 2011
  • The basic purpose of Customs Drawback System of the material for export goods is export support as cut a price down the export goods' price. Especially the trade volume between South Korea and China is the greatest in comparison with other countries in 2010. Therefore companies involved China is necessary to understand exactly for China's tariff system(duty drawback system). Due to inconsistent policies, it is difficult to understand VAT-related provisions on exports goods of China compared with South Korea Tax System. Accordingly, the results of this study is significant in China-related companies. In South Korea and China, amount of customs duty drawback is very large 4.017606 billion won 732.8 billion yuan respectively. Thus, the amount of customs duty drawback is greater, a comparison of customs duty drawback in South Korea and China is very necessary on Customs Drawback System.

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