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 |
|---|---|---|
| Original engravings, prints and lithographs — Of an age exceeding 100 years | 0% | |
| Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30 — Vacuum fluorescent display panels | 0% | |
| Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30 — Vacuum fluorescent display panels | 0% | |
| Printed circuits — Multi-layer | 0% | |
| Printed circuits — Multi-layer | 0% | |
| Electrical capacitors, fixed, variable or adjustable (pre-set) — Variable or adjustable (pre-set) capacitors |
To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.
| 85319010 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30 — Parts including printed circuit assemblies of subheading 8531.20.00, 8531.80.21 or 8531.80.29 | 0% |
| 85331010 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — Surface mounted | 0% |
| 85331010 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — Surface mounted | 0% |
| 85318019 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30; Other apparatus; Electronic bells and other sound signalling apparatus, other | 0% |
| 85318019 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30; Other apparatus; Electronic bells and other sound signalling apparatus, other | 0% |
| 85333900 | Electrical resistors (including rheostats and potentiometers), other than heating resistors; Wirewound variable resistors, including rheostats and potentiometers, other | 0% |
| 85333900 | Electrical resistors (including rheostats and potentiometers), other than heating resistors; Wirewound variable resistors, including rheostats and potentiometers, other | 0% |
| 85318090 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30; Other apparatus, other | 0% |
| 85318090 | Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30; Other apparatus, other | 0% |
| 85332900 | Electrical resistors (including rheostats and potentiometers), other than heating resistors; Other fixed resistors, other | 0% |
| 85332900 | Electrical resistors (including rheostats and potentiometers), other than heating resistors; Other fixed resistors, other | 0% |
| 85322100 | Electrical capacitors, fixed, variable or adjustable (pre-set) — Tantalum | 0% |
| 85353011 | Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, fuses, lightning arresters, voltage limiters, surge suppressors, plugs and other connectors, junction boxes), for a voltage exceeding 1,000 volts — Disconnectors having a voltage of less than 36 kV | 0% |
| 85333100 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — For a power handling capacity not exceeding 20 W | 0% |
