Deepens the existing AKFTA relationship. Korea committed to 95.54% tariff elimination vs Indonesia's 92.06%, substantially more comprehensive than AKFTA. Covers goods, services, investment, HR development, and technology transfers. Gives traders multiple pathways alongside AKFTA and RCEP.
Korea eliminates up to 95.54% of tariff lines; Indonesia eliminates 92.06%
Steel, auto parts, petrochemicals, fisheries, dried fruits, seaweed, lubricants, textiles, ceramics, technology
RVC of 40% or CTC; build-up or build-down calculation; Product Specific Rules for select goods
Both maintain exclusion lists for sensitive agricultural products. Korea protects rice and certain fishery products.
Sample of HS codes with active preferential rates under this agreement.
| HS Code | Product | Rate |
|---|---|---|
| Other string musical instruments (for example, guitars, violins, harps), other | 0% | |
| Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,500 cc but not exceeding 1,800 cc | 0% | |
| Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,800 cc but not exceeding 2,000 cc | 0% | |
| Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,500 cc but not exceeding 1,800 cc | 0% | |
| Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 2,000 cc |
To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.
| 0% |
| 87033212 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Hearses | 0% |
| 87033223 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 2,000 cc | 0% |
| 87033223 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 2,000 cc | 0% |
| 87033212 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Hearses | 0% |
| 87033146 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Motor-homes | 0% |
| 87033234 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,500 cc but not exceeding 1,800 cc | 0% |
| 87033211 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Ambulances | 0% |
| 87033211 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Ambulances | 0% |
| 87033235 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,800 cc but not exceeding 2,000 cc | 0% |
| 87033221 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,500 cc but not exceeding 1,800 cc | 0% |
| 87033221 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,500 cc but not exceeding 1,800 cc | 0% |
| 87033236 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 2,000 cc | 0% |
| 87033241 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,500 cc but not exceeding 1,800 cc | 0% |
| 87033234 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,500 cc but not exceeding 1,800 cc | 0% |
| 87033232 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — Of a cylinder capacity exceeding 1,800 cc but not exceeding 2,000 cc | 0% |
