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 Code	Product	Rate
	Discs, tapes, solid-state non-volatile storage devices, 'smart cards' and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter 37 — Other, of a kind used for reproducing representations of instructions, data, sound and image, recorded in a machine readable binary form, and capable of being manipulated or providing interactivity to a user, by means of an automatic data processing machine; proprietary format storage (recorded) media	0%
	Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors; Co-axial cable and other co-axial electric conductors; Insulated cables not fitted with connectors, for a voltage not exceeding 66 kV, other	0%
	Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors — Other electric cables insulated with plastics	0%

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.