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 |
|---|---|---|
| Original engravings, prints and lithographs — Of an age exceeding 100 years | 0% | |
| Machinery, plant or laboratory equipment, whether or not electrically heated (excluding furnaces, ovens and other equipment of heading 85.14), for the treatment of materials by a process involving a change of temperature such as heating, cooking, roasting, distilling, rectifying, sterilising, pasteurising, steaming, drying, evaporating, vaporising, condensing or cooling, other than machinery or plant of a kind used for domestic purposes; instantaneous or storage water heaters, non-electric; Parts; Of non-electrically operated articles, other | 0% | |
| Machinery, plant or laboratory equipment, whether or not electrically heated (excluding furnaces, ovens and other equipment of heading 85.14), for the treatment of materials by a process involving a change of temperature such as heating, cooking, roasting, distilling, rectifying, sterilising, pasteurising, steaming, drying, evaporating, vaporising, condensing or cooling, other than machinery or plant of a kind used for domestic purposes; instantaneous or storage water heaters, non-electric; Parts; Of non-electrically operated articles, other | 0% | |
| Calendering or other rolling machines, other than for metals or glass, and cylinders therefor — Of goods of subheading 8420.10.10 |
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% |
| 84209110 | Calendering or other rolling machines, other than for metals or glass, and cylinders therefor — Of goods of subheading 8420.10.10 | 0% |
| 84209190 | Calendering or other rolling machines, other than for metals or glass, and cylinders therefor; Parts; Cylinders, other | 0% |
| 84209190 | Calendering or other rolling machines, other than for metals or glass, and cylinders therefor; Parts; Cylinders, other | 0% |
| 84211100 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases — Cream separators | 0% |
| 84211100 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases — Cream separators | 0% |
| 84211990 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases; Centrifuges, including centrifugal dryers, other | 0% |
| 84211990 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases; Centrifuges, including centrifugal dryers, other | 0% |
| 84212111 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases — Filtering machinery and apparatus for domestic use | 0% |
| 84212111 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases — Filtering machinery and apparatus for domestic use | 0% |
| 84212230 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases — Electrically operated, of a capacity exceeding 500 l/h | 0% |
| 84212230 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases — Electrically operated, of a capacity exceeding 500 l/h | 0% |
| 84212290 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases; Filtering or purifying machinery and apparatus for liquids; For filtering or purifying beverages other than water, other | 0% |
| 84212290 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases; Filtering or purifying machinery and apparatus for liquids; For filtering or purifying beverages other than water, other | 0% |
| 84212329 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases; Filtering or purifying machinery and apparatus for liquids; Oil or petrol-filters for internal combustion engines; For motor vehicles of Chapter 87, other | 0% |
| 84212329 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases; Filtering or purifying machinery and apparatus for liquids; Oil or petrol-filters for internal combustion engines; For motor vehicles of Chapter 87, other | 0% |
| 84212391 | Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases — Oil filters | 0% |
