Name | ASEAN – Korea |
Members | Indonesia – Malaysia – Philippines – Singapore – Thaïland – Brunei – Vietnam – Laos – Myanmar – Cambodia – Korea |
Type of agreement | Multilateral Free Trade Agreement |
Date of signature | July 1, 2006 |
Current Status | On-going |
Key points | 1. Trade in goods: allows 90% of the products being traded between ASEAN and Korea to enjoy duty-free treatment. 2. Trade in services: allows further liberalization of services that would lead to an increase in trade among Parties. 3. Investment agreement: sets the foundation for the expansion of investments among the Parties through measures such as improved protection for investors and most-favored nation (MFN) that will guarentee protection from discriminatory measures by the Goverments. For more details, kindly check the link in references. |
Annexe | https://wits.worldbank.org/GPTAD/PDF/archive/ASEAN-Korea.pdf |
References |
1. ASEAN – Korea Trade Agreement, accessed November 2020, https://www.asean.org/wpcontent/uploads/images/resources/ASEAN%20Publication/2013%20(11.%20Nov)%20-%20AKFTA.pdf |
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