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Customs Act — Article 240-4 (Establishment and Implementation of Master Plans for Trade Facilitation)

관세법 제240조의4

This English translation is based on the Korean text effective 2023-06-05. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) In order to facilitate the procedures for export and import, including customs clearance, provided for in this Act and related statutes, and to promote the facilitation of international cooperation related thereto (hereinafter referred to as "trade facilitation") in accordance with the Marrakesh Agreement Establishing the World Trade Organization, the Minister of Economy and Finance shall establish and implement a master plan for trade facilitation including the following matters (hereinafter referred to as "master plan"):

1. Matters concerning the basic directions setting for trade facilitation policies;

2. Matters concerning the building and operation of trade facilitation infrastructure;

3. Matters concerning the creation of environments for trade facilitation;

4. Matters concerning the international cooperation related to trade facilitation;

5. Matters concerning the measures for the collection, analysis and utilization of statistical data related to trade facilitation;

6. Matters concerning the securing and distribution of financial resources for trade facilitation;

7. Other matters necessary to promote trade facilitation.

(2) In order to implement a master plan, the Minister of Economy and Finance may provide necessary support to institutions or organizations which perform the affairs related to trade facilitation, as prescribed by Presidential Decree.[This Article Newly Inserted on Dec. 23, 2014]

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Korean original (law.go.kr) · Get articles as JSON via API

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