Korea finance ministry says, its already decided to absolve chemical raw material to include plastic raw material inside the import tariff of the product, control the inflationary pressure that entrance cost place creates thereby.

Since August 5, high-pressured makings and PP import tariff namely 4% already was absolved. In addition, low pressure expects 3% imports tariff also is absolved. Korea add up to cancelled 41 custom duty, relieve the pressure that gets cost to rise in order to protect domestic economy. Custom duty cancels to will be executed up to now year end. July, korea year rate of consumptive price inflation is amounted to 5.9% , for 10 years highest.

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