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 |
|---|---|---|
| Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressure-reducing valves and thermostatically controlled valves — Having inlet and outlet internal diameters of more than 40 cm | 0% | |
| 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% | |
| Electrical resistors (including rheostats and potentiometers), other than heating resistors — For a power handling capacity not exceeding 20 W | 0% | |
| Electrical capacitors, fixed, variable or adjustable (pre-set) — Dielectric of paper or plastics | 0% | |
| Electrical capacitors, fixed, variable or adjustable (pre-set) — Dielectric of paper or plastics | 0% |
To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.
| 85339000 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — Parts | 0% |
| 85339000 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — Parts | 0% |
| 85318029 | 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; Flat panel displays (including electro-luminescence, plasma and other technologies), other | 0% |
| 85318029 | 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; Flat panel displays (including electro-luminescence, plasma and other technologies), other | 0% |
| 85332100 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — For a power handling capacity not exceeding 20 W | 0% |
| 85332100 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — For a power handling capacity not exceeding 20 W | 0% |
| 85311090 | 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; Burglar or fire alarms and similar apparatus, other | 0% |
| 85319090 | 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, other | 0% |
| 85340010 | Printed circuits — Single-sided | 0% |
| 85331090 | Electrical resistors (including rheostats and potentiometers), other than heating resistors; Fixed carbon resistors, composition or film type, other | 0% |
| 85312000 | 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 — Indicator panels incorporating liquid crystal devices (LCD) or light-emitting diodes (LED) | 0% |
| 85312000 | 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 — Indicator panels incorporating liquid crystal devices (LCD) or light-emitting diodes (LED) | 0% |
| 85334000 | Electrical resistors (including rheostats and potentiometers), other than heating resistors — Other variable resistors, including rheostats and potentiometers | 0% |
| 85331090 | Electrical resistors (including rheostats and potentiometers), other than heating resistors; Fixed carbon resistors, composition or film type, other | 0% |
| 85340010 | Printed circuits — Single-sided | 0% |
