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% | |
| Electrical signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields (other than those of heading 86.08) — Other equipment | 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 — Burglar alarms | 0% | |
| Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For goods of subheading 8525.50 or 8525.60 | 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 — Fire alarms | 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.
| 85311020 |
| 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 — Fire alarms |
| 0% |
| 85299091 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For television receivers | 0% |
| 85299091 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — For television receivers | 0% |
| 85299059 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28; Other printed circuit boards, assembled; For goods of heading 85.28, other | 0% |
| 85311030 | 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 — Smoke alarms; portable personal alarms (shrill alarms) | 0% |
| 85311010 | 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 alarms | 0% |
| 85299054 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — Other, for television receivers | 0% |
| 85299054 | Parts suitable for use solely or principally with the apparatus of headings 85.24 to 85.28 — Other, for television receivers | 0% |
| 85318011 | 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 — Door bells and other door sound signalling apparatus | 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% |
| 85319030 | 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 — Of other bells or sound signalling apparatus | 0% |
| 85319030 | 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 — Of other bells or sound signalling apparatus | 0% |
| 85323000 | Electrical capacitors, fixed, variable or adjustable (pre-set) — Variable or adjustable (pre-set) capacitors | 0% |
| 85352990 | 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; Automatic circuit breakers, other | 0% |
| 85340090 | Printed circuits, other | 0% |
