Korea's Ministry of Economy and Finance announces plans to reduce tariffs

Korea's Ministry of Economy and Finance announces plans to reduce tariffs on 76 industrial and food imports next year, aiming to bolster industry competitiveness and combat inflation. The move, part of a flexible tariff system, includes key sectors like #agriculture and food products, #hydrogen, secondary #batteries and #semiconductors. With a zero-tariff policy set for certain gas imports in early #2024, these measures align with ongoing efforts to manage inflation amid volatile markets and rising consumer prices.

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