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 |
|---|---|---|
| Electric generating sets and rotary converters — Of an output exceeding 10 kVA but not exceeding 10,000 kVA | 0% | |
| Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% | |
| Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% | |
| Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% | |
| Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% | |
| Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t |
To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.
| 87023079 | Motor vehicles for the transport of ten or more persons, including the driver; With both spark-ignition internal combustion piston engine and electric motor as motors for propulsion; Other motor coaches, buses or minibuses, other | 0% |
| 87023050 | 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% |
| 87022072 | Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% |
| 87022072 | Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% |
| 87023049 | Motor vehicles for the transport of ten or more persons, including the driver; With both spark-ignition internal combustion piston engine and electric motor as motors for propulsion, other | 0% |
| 87023091 | Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% |
| 87023091 | Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% |
| 87023010 | 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% |
| 87023010 | 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% |
| 87023099 | Motor vehicles for the transport of ten or more persons, including the driver; With both spark-ignition internal combustion piston engine and electric motor as motors for propulsion, other | 0% |
| 87023039 | Motor vehicles for the transport of ten or more persons, including the driver; With both spark-ignition internal combustion piston engine and electric motor as motors for propulsion; Other motor coaches, buses or minibuses, other | 0% |
| 87023079 | Motor vehicles for the transport of ten or more persons, including the driver; With both spark-ignition internal combustion piston engine and electric motor as motors for propulsion; Other motor coaches, buses or minibuses, other | 0% |
| 87023031 | Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% |
| 87023021 | Motor vehicles for the transport of ten or more persons, including the driver — Of a g.v.w. exceeding 24 t | 0% |
