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Trade Agreements

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ASEAN - Korea Free Trade Area

Area of Cooperation

Goods, Dispute Settlement

Sign Date

January 1, 2006

In Force Date

January 1, 2007

Summary

Under the ASEAN- Korea Free Trade Agreement, Korean businesses will gain access to the ASEAN market, which contains nearly 500 million people. The agreement contains trade in goods and tariffs will be either eliminated or reduced on Korean products.
http://www.aseansec.org/18063.htm

Contingency

                                                               i.      Safeguards : Article 9 stipulates emergency measures GATT consistent

 
News/Studies

                                                               i.      “The Economic Effects of Forming Korea-ASEAN Free Trade Agreements: The Case of IT Industry”     http://faculty.washington.edu/karyiu/confer/sea05/papers/kim.pdf

                                                             ii.      “ASEAN Expects FTA With Korea Next Year”                  http://english.chosun.com/w21data/html/news/200708/200708280023.html

                                                            iii.      “RP-based Korean firms seek trade deal”                       http://business.inquirer.net/money/breakingnews/view_article.php?article_id=79399

 
Additional Links

                                                               i.      http://webevents.bernama.com/events/aseansummit/speech.php?id=368

                                                             ii.      http://www.mofat.go.kr/me/me_a002/me_b005/1223029_973.html

                                                            iii.      “Singapore’s FTA Network: About AKFTA”          http://www.iesingapore.gov.sg/wps/portal/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLN4g3CzMASYGY5oFm-pFoYo4YImah3phiIWEIMV-P_NxU_SB9b_0A_YLc0NDQiHJHAMY1HA4!/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82XzBfN1FC

                                                           iv.      “Joint Media Statement of the Second AEM-Korea Consultation Vientiane, 28 September 2205”       http://www.aseansec.org/17789.htm