AKFTAMultilateral (ASEAN+Partner)Active

ASEAN Korea Free Trade Agreement

Covers approximately 90% of tariff lines at zero duty. Normal Track tariff elimination completed for ASEAN-6 and Korea by 2010. Complemented by services (2007) and investment (2009) agreements.

Key Facts

Tariff Coverage

Approximately 90% of tariff lines eliminated; ASEAN-6 and Korea achieved zero duty by 2010

Key Sectors

Electronics, automotive and parts, steel, petrochemicals, textiles, machinery, agricultural products

Rules of Origin

RVC of 40% of FOB value or CTH; co-equal rule providing flexibility

Exclusions & Limitations

Korea excludes sensitive agricultural products including fish (29 lines), prepared foodstuffs (21 lines), meat (18 lines), edible vegetables (11 lines).

Member Countries (11)

🇧🇳

Brunei

🇰🇭

Cambodia

🇮🇩

Indonesia

🇱🇦

Laos

🇲🇾

Malaysia

🇲🇲

Myanmar

🇵🇭

Philippines

🇸🇬

Singapore

🇹🇭

Thailand

🇻🇳

Vietnam

🇰🇷

South Korea

Products Under AKFTA

Sample of HS codes with active preferential rates under this agreement.

HS Code	Product	Rate
84871000	Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter — ships� or boats� propellers and blades therefor	0%
03069921	Smoked	0%
03069931	Smoked	0%
03069929	Other	0%
03071110	Live	0%
03069939	Other	0%
03071120	Fresh or chilled	0%
03071200	Frozen	0%
03077200	Frozen	0%
03071920	Dried, salted or in brine	0%
41152000	Parings and other waste of leather or of composition leather, not suitable for the manufacture of leather articles; leather dust, powder and flour	0%
03071930	Smoked	0%
03072120	Fresh or chilled	0%
03072110	Live	0%
03072930	Dried, salted or in brine	0%
03073110	Live	0%
03072200	Frozen	0%
03072940	Smoked	0%
03077930	Dried, salted or in brine	0%
03073120	Fresh or chilled	0%

Agreement Details

Code: AKFTA
Type: Multilateral (ASEAN+Partner)
Signed: 2006
In Force Since: 2007
Current Tariff Period: 01 Januari 2023 — 31 Desember 2023
Status: Active (1,000 product tariffs)
Members: 11 countries

Need a Certificate of Origin?

To qualify for preferential rates under AKFTA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.