S. Korea to Lower Tariffs on Major Agricultural Imports amid Inflation

SEOUL, May 30 (Korea Bizwire) — South Korea’s finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households’ burden amid rising consumer prices. Under the plan passed at the Cabinet meeting, South Korea will lift tariffs on 45,000 tons of pork and 10,000 tons of mackerel [...]