|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|
|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.
|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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