(1) Where the Government deems it necessary to facilitate Korea's external trade, it may negotiate on tariff with any specific country or any particular international organization.
(2) Where the Government deems it necessary to negotiate on tariff pursuant to paragraph (1), it may make any tariff concession: Provided, That the Government may not make any tariff concession exceeding 50/100 of the basic tariff rate when negotiating or tariff with any specific country.
(3) Goods subject to the assessment of the tariff referred to in paragraph (2), tariff rates, application period thereof, etc. shall be prescribed by Presidential Decree.[This Article Wholly Amended on Dec. 30, 2010]