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
84862059	Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines and apparatus specified in Note 11 (C) to this Chapter; parts and accessories — other	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.