ASEAN – Korea Trade Agreement

NameASEAN – Korea
MembersIndonesia – Malaysia – Philippines – Singapore – Thaïland – Brunei – Vietnam – Laos  – Myanmar  – Cambodia – Korea
Type of agreementMultilateral Free Trade Agreement
Date of signatureJuly 1, 2006
Current StatusOn-going
Key points1. 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,

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