Kickrate
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 CodeProductRate
84099914Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Other cylinder liners0%
84099124Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Other cylinder liners0%
84099126Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Pistons, with an external diameter of 50 mm or more, but not exceeding 155 mm0%
84099126Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Pistons, with an external diameter of 50 mm or more, but not exceeding 155 mm0%
84099128Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Piston rings and gudgeon pins0%
84099128Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Piston rings and gudgeon pins0%
84099129Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08; Suitable for use solely or principally with spark-ignition internal combustion piston engines; For vehicles of heading 87.01, other0%
84099129Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08; Suitable for use solely or principally with spark-ignition internal combustion piston engines; For vehicles of heading 87.01, other0%
84099131Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Carburettors and parts thereof0%
84099131Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Carburettors and parts thereof0%
84099132Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Cylinder blocks; crank cases0%
84099132Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Cylinder blocks; crank cases0%
84099134Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Cylinder liners0%
84099134Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Cylinder liners0%
84099135Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Cylinder heads and head covers0%
84099135Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Cylinder heads and head covers0%
84099137Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Pistons0%
84099137Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Pistons0%
84099138Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Piston rings and gudgeon pins0%
84099138Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08 — Piston rings and gudgeon pins0%

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.