Kickrate
IKCEPABilateralActive

Indonesia-Korea Comprehensive Partnership Agreement

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.

Key Facts

Tariff Coverage

Korea eliminates up to 95.54% of tariff lines; Indonesia eliminates 92.06%

Key Sectors

Steel, auto parts, petrochemicals, fisheries, dried fruits, seaweed, lubricants, textiles, ceramics, technology

Rules of Origin

RVC of 40% or CTC; build-up or build-down calculation; Product Specific Rules for select goods

Exclusions & Limitations

Both maintain exclusion lists for sensitive agricultural products. Korea protects rice and certain fishery products.

Member Countries (2)

🇮🇩
Indonesia
🇰🇷
South Korea

Products Under IKCEPA

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

HS CodeProductRate
85043419Electrical transformers, static converters (for example, rectifiers) and inductors; Other transformers; Having a power handling capacity exceeding 500 kVA; Having a power handling capacity not exceeding 15,000 kVA; Having a power handling capacity exceeding 10,000 kVA and of a high side voltage of 66 kV or more, other0%
87032411Motor 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 — Ambulances0%
87032469Motor 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; Other vehicles, with only spark-ignition internal combustion piston engine; Of a cylinder capacity exceeding 3,000 cc, other0%
87032469Motor 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; Other vehicles, with only spark-ignition internal combustion piston engine; Of a cylinder capacity exceeding 3,000 cc, other0%
87032449Motor 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; Other vehicles, with only spark-ignition internal combustion piston engine; Of a cylinder capacity exceeding 3,000 cc; Sedan, other0%
87032449Motor 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; Other vehicles, with only spark-ignition internal combustion piston engine; Of a cylinder capacity exceeding 3,000 cc; Sedan, other0%
87033113Motor 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 — Ambulances0%
87033113Motor 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 — Ambulances0%
87033143Motor 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 — Ambulances0%
87033143Motor 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 — Ambulances0%
87033334Motor 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 3,000 cc0%
87033334Motor 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 3,000 cc0%
87033243Motor 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 cc0%
87033332Motor 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 3,000 cc0%
87033332Motor 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 3,000 cc0%
87033321Motor 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 2,500 cc but not exceeding 3,000 cc0%
87033321Motor 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 2,500 cc but not exceeding 3,000 cc0%
87033253Motor 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 — Prison vans0%
87033253Motor 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 — Prison vans0%
87033362Motor 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 3,000 cc0%

Sources

GOV
IK-CEPA - Korea FTA Portal— Korean government FTA portal

Agreement Details

Code
IKCEPA
Type
Bilateral
Signed
2020
In Force Since
2023
Current Tariff Period
01 Januari 2023 — 31 Desember 2026
Status
Active (1,000 product tariffs)
Members
2 countries

Need a Certificate of Origin?

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