DECISION No 1 OF THE EU-KOREA COMMITTEE ON TRADE IN GOODS
of 28 May 2015
on the adoption of the rules for Tariff Rate Quota administration and implementation [2015/1412]
ANNEX
RULES FOR THE ADMINISTRATION AND IMPLEMENTATION OF THE TARIFF RATE QUOTAS
Article 1
Timing of auctions and license application
Article 2
Deposit and fees
Article 3
Issuance and validity of a recommendation
Article 4
Publishing information on TRQ administration
Article 5
TRQ allocation rules
Recommending agencies |
Korean agencies designated to manage TRQs: Korea Dairy Industries Association, Korea Agro-Fisheries & Food Trade Corporation, Korea Feed Ingredients Association and the Korea Feed Milk Replacer Association Websites:
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Deposit |
Amount paid by tenderers applying for an auction. The deposit is returned to every tenderer immediately after the quota recommendation. |
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Recommendation |
Issue of an import TRQ following an auction or licence application. |
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Validity period |
Period during which a recommendation for an import TRQ is valid. |
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Execution year |
Period of 12 months between consecutive FTA anniversaries (July 1st) for which an annual TRQ volume is laid down in the Korea-EU FTA. |