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
82031000	Files, rasps, pliers (including cutting pliers), pincers, tweezers, metal cutting shears, pipe-cutters, bolt croppers, perforating punches and similar hand tools — Files, rasps and similar tools	0%
87042381	Motor vehicles for the transport of goods — Refrigerated lorries (trucks)	0%
87042319	Motor vehicles for the transport of goods; Other, with only compression-ignition internal combustion piston engine (diesel or semi-diesel); g.v.w. exceeding 20 tonnes; g.v.w. not exceeding 24 t; Completely Knocked Down, other	0%
87084091	Parts and accessories of the motor vehicles of headings 87.01 to 87.05 — For vehicles of heading 87.01	0%
87042379	Motor vehicles for the transport of goods; Other, with only compression-ignition internal combustion piston engine (diesel or semi-diesel); g.v.w. exceeding 20 tonnes; g.v.w. exceeding 45 t; Completely Knocked Down, other	0%
87084099	Parts and accessories of the motor vehicles of headings 87.01 to 87.05; Gear boxes and parts thereof; Parts, other	0%
87024041	Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t	0%
87029069	Motor vehicles for the transport of ten or more persons, including the driver; Other motor coaches, buses or minibuses, for the transport of 30 persons or more, other	0%
87029069	Motor vehicles for the transport of ten or more persons, including the driver; Other motor coaches, buses or minibuses, for the transport of 30 persons or more, other	0%
87032113	Motor 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 — Ambulances	0%
87029021	Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t	0%
87029021	Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t	0%
87031010	Motor 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 — Golf cars (including golf buggies) and similar vehicles	0%
87031010	Motor 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 — Golf cars (including golf buggies) and similar vehicles	0%
87024029	Motor vehicles for the transport of ten or more persons, including the driver; With only electric motor for propulsion; Other, for the transport of 30 persons or more, other	0%
87024029	Motor vehicles for the transport of ten or more persons, including the driver; With only electric motor for propulsion; Other, for the transport of 30 persons or more, other	0%
87029040	Motor vehicles for the transport of ten or more persons, including the driver — Motor cars (including stretch limousines but not including coaches, buses, minibuses or vans)	0%
87029040	Motor vehicles for the transport of ten or more persons, including the driver — Motor cars (including stretch limousines but not including coaches, buses, minibuses or vans)	0%
87029051	Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t	0%
87032121	Motor 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 four-wheel drive	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.