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 |
|---|---|---|
| Collections and collectors' pieces of archaeological, ethnographic, historical, zoological, botanical, mineralogical, anatomical, paleontological or numismatic interest; Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical or paleontological interest, other | 0% | |
| Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For goods of subheading 8527.13, 8527.19, 8527.21, 8527.29, 8527.91 or 8527.99 | 0% | |
| Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For goods of subheading 8527.13, 8527.19, 8527.21, 8527.29, 8527.91 or 8527.99 | 0% | |
| Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For goods of subheading 8525.50 or 8525.60 | 0% | |
| Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30 — Smoke alarms; portable personal alarms (shrill alarms) |
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% |
| 85299053 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For flat panel displays | 0% |
| 85299053 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For flat panel displays | 0% |
| 85311010 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30 — Burglar alarms | 0% |
| 85299051 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For goods of subheading 8525.50 or 8525.60 | 0% |
| 85291094 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — Of a kind used with transmission apparatus for television | 0% |
| 85291094 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — Of a kind used with transmission apparatus for television | 0% |
| 85309000 | Electrical signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields (other than those of heading 86.08) — Parts | 0% |
| 85309000 | Electrical signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields (other than those of heading 86.08) — Parts | 0% |
| 85299055 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28; Other printed circuit boards, assembled; For goods of heading 85.28, other | 0% |
| 85299055 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28; Other printed circuit boards, assembled; For goods of heading 85.28, other | 0% |
| 85299091 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For television receivers | 0% |
| 85299091 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For television receivers | 0% |
| 85299059 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28; Other printed circuit boards, assembled; For goods of heading 85.28, other | 0% |
| 85311030 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30 — Smoke alarms; portable personal alarms (shrill alarms) | 0% |
| 85311010 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30 — Burglar alarms | 0% |
