recommendations of the ASEAN-ROK Expert Group (ACEG) on measures to increase trade and investment in both directions through market liberalization and integration; At the 2014 ASEAN-ROK Memorial Summit, heads of state and government agreed to aim for $200 billion in two-part exchanges by 2020, including maximizing the use of AKFTA to improve economic ties between ASEAN and the ROK. Concerned about agriculture, including the provisions of the rice and livestock agreement, Thailand negotiated separate agreements with the Korean government in early 2009 to join the pact. Korea is also interested in a separate free trade agreement with Malaysia. Promote cooperation on a mutually beneficial basis; CONTACT United States For issues relating to the Preferential Certificate (CO Form AK) / Rules of Origin, please contact: List of products under Normal Track Offered for Tariff Reduction As of June 1, 2007, ASEAN and the Republic of Korea (ROK) began sectoral dialogue relations in November 1989. At the 24th ASEAN Ministerial Meeting (MSA) held in Kuala Lumpur in July 1991, the ROK was given the status of a comprehensive ASEAN dialogue partner. The ASEAN-ROK partnership was raised at the summit in Kuala Lumpur in 1997 and since then relations between ASEAN and ROK have expanded and deepened. Better seen with Internet Explorer 10 and above Resolution 1280 x 800 The ASEAN-Korea Investment Agreement was signed on 2 June 2009 between the ASEAN and Rok member states. The third protocol was signed by all contracting parties to the agreement on 22 November 2015. So far, 7 parties have ratified the protocol as follows: For any additional questions regarding policies and tariffs, please contact the following officials: . . Distributors and exporters can benefit from preferential tariff treatment under the AKFTA. To do so, products must comply with AKFTA`s ORIGIN rules.
The agreement aims to create a transparent, more favourable and safer environment for ASEAN and Korean investors and their investments through the ASEAN-ROK Investment Agreement signed on 2 June 2009 and entered into force on 1 September 2009. protocol on Thailand`s accession to the ASEAN-Korea trade agreement on goods at the time of import of materials, parts or goods; Or RVC – value of the original materials, which includes the value of native materials, direct labour costs, direct overheads, transportation costs and profits The third protocol amending the ACCORD introduced new obligations on customs regimes and trade facilitation and had a legal effect on the integration of tariff reduction plans for contracting parties into the labour market agreement.