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World Economy Brief
North Korea’s Tariff and Non-tariff System: Implications for Integration into the International Economy
- Author CHOI Jangho
- Series24-29
- Date2024-09-03
The purpose of this study is to analyze North Korea's tariff and non-tariff regimes to reveal the direction of North Korea's trade policy and the structure and characteristics of its legal and institutional framework, and to identify priority reforms in trade-related laws and regulations as North Korea seeks to open up and integrate into the international community.
According to the Tariff Rate Manual (2005), North Korea imposes tariffs at the 8-digit HS code level, and there are a total of 10,529 imported goods with specified tariff rates, mainly import duties, but also export duties on some export-controlled goods. A key feature of North Korea's tariff rates is the low overall level of tariffs. Based on the basic tariff rate in foreign currency, the average nominal tariff rate was 5.5% and the average real tariff rate was only 4.6%. In 2005, the average nominal tariff rate for all countries in the world, including about 150 WTO members, was 8.1%, which is higher than North Korea's nominal tariff rate of 5.5%, so North Korea's tariff rate is low compared to the global average.
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