South Korea: KORUS FTA Orange TRQ Allocation Change
U.S. oranges coming into Korea from September 1- February 28 do so under a Tariff Rate Quota (TRQ) negotiated under the Korea-U.S. Free Trade Agreement (KORUS). The system for allocating this TRQ will change in Year 11 (2022) from an import license auction system to an import license allocation system. The Ministry of Agriculture, Food, and Rural Affairs (MAFRA) recently clarified how this import license allocation system will be implemented.
