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% | |
| Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors; Co-axial cable and other co-axial electric conductors; Insulated cables fitted with connectors, for a voltage exceeding 66 kV, other | 0% | |
| Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors; Co-axial cable and other co-axial electric conductors; Insulated cables fitted with connectors, for a voltage exceeding 66 kV, other | 0% | |
| Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors — With an outer coating or covering of paper, textiles or poly(vinyl chloride) |
To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.
| 0% |
| 85437021 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter — Cordless infrared remote control devices for video game consoles, other than game controllers of heading 95.04 | 0% |
| 85437021 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter — Cordless infrared remote control devices for video game consoles, other than game controllers of heading 95.04 | 0% |
| 85441900 | Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors; Winding wire, other | 0% |
| 85442021 | Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors — Insulated with rubber or plastics | 0% |
| 85439010 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter — Of goods of subheading 8543.10 or 8543.20 | 0% |
| 85439010 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter — Of goods of subheading 8543.10 or 8543.20 | 0% |
| 85442011 | Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors — Insulated with rubber or plastics | 0% |
| 85442011 | Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors — Insulated with rubber or plastics | 0% |
| 85432000 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter — Signal generators | 0% |
| 85433099 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter; Machines and apparatus for electroplating, electrolysis or electrophoresis, other | 0% |
| 85433099 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter; Machines and apparatus for electroplating, electrolysis or electrophoresis, other | 0% |
| 85443019 | Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors; Ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships; Wiring harnesses for motor vehicles; Insulated with rubber or plastics, other | 0% |
| 85439030 | Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter — Of goods of subheading 8543.70.30 | 0% |
| 85423300 | Electronic integrated circuits — Amplifiers | 0% |
| 85423300 | Electronic integrated circuits — Amplifiers | 0% |
| 85443012 | Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors — Of a kind used for vehicles of heading 87.02, 87.03, 87.04 or 87.11 | 0% |
