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 |
|---|---|---|
| Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without side-cars; side-cars — Completely Knocked Down | 0% | |
| Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel — Of high speed steel | 0% | |
| Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel — Of high speed steel | 0% | |
| Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel — Of silico-manganese steel | 0% | |
| Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel — Of silico-manganese steel | 0% | |
| Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel — Containing by weight 0.5 % or more of chromium |
To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.
| 72279010 | Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel — Containing by weight 0.5 % or more of chromium | 0% |
| 72279090 | Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel, other | 0% |
| 72279090 | Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel, other | 0% |
| 72281010 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel — Of circular cross-section | 0% |
| 72281010 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel — Of circular cross-section | 0% |
| 72281090 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel; Bars and rods, of high speed steel, other | 0% |
| 72281090 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel; Bars and rods, of high speed steel, other | 0% |
| 72282011 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel — Not further worked than hot-rolled, hot-drawn or extruded | 0% |
| 72282011 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel — Not further worked than hot-rolled, hot-drawn or extruded | 0% |
| 72282019 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel; Bars and rods, of silico-manganese steel; Of circular cross-section, other | 0% |
| 72282019 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel; Bars and rods, of silico-manganese steel; Of circular cross-section, other | 0% |
| 72282091 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel — Not further worked than hot-rolled, hot-drawn or extruded | 0% |
| 72282091 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel — Not further worked than hot-rolled, hot-drawn or extruded | 0% |
| 72282099 | Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel; Bars and rods, of silico-manganese steel, other | 0% |
