IKCEPABilateralActive

Indonesia-Korea Comprehensive Partnership Agreement

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.

Key Facts

Tariff Coverage

Korea eliminates up to 95.54% of tariff lines; Indonesia eliminates 92.06%

Key Sectors

Steel, auto parts, petrochemicals, fisheries, dried fruits, seaweed, lubricants, textiles, ceramics, technology

Rules of Origin

RVC of 40% or CTC; build-up or build-down calculation; Product Specific Rules for select goods

Exclusions & Limitations

Both maintain exclusion lists for sensitive agricultural products. Korea protects rice and certain fishery products.

Member Countries (2)

🇮🇩

Indonesia

🇰🇷

South Korea

Products Under IKCEPA

Sample of HS codes with active preferential rates under this agreement.

HS Code	Product	Rate
85444221	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 — submarine telephone cables; submarine telegraph cables; submarine radio relay cables	0%
87032445	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — of four-wheel drive	0%
87032430	Of a cylinder capacity exceeding 3,000 cc, other	0%
87033121	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — of four-wheel drive	0%
87033117	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — sedan	0%
87032414	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — motor-homes	0%
87032414	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — motor-homes	0%
87033129	Other motor cars (including station wagons and sports cars, but not including vans), other	0%
87033129	Other motor cars (including station wagons and sports cars, but not including vans), other	0%
87033116	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — motor-homes	0%
87033116	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — motor-homes	0%
87033131	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — three-wheeled vehicles	0%
87033131	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — three-wheeled vehicles	0%
87032412	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — hearses	0%
87033117	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — sedan	0%
87033111	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — go-karts	0%
87032442	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — hearses	0%
87032442	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — hearses	0%
87033112	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — all-Terrain Vehicles (ATV)	0%
87033112	Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars — all-Terrain Vehicles (ATV)	0%

Sources

GOV

IK-CEPA - Korea FTA Portal— Korean government FTA portal

Agreement Details

Code: IKCEPA
Type: Bilateral
Signed: 2020
In Force Since: 2023
Current Tariff Period: 01 Januari 2023 — 31 Desember 2026
Status: Active (1,000 product tariffs)
Members: 2 countries

Need a Certificate of Origin?

To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.