The government of South Korea and nine members of the Association of South-East Asian Nations (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, and Vietnam) signed an FTA together in May 2006, which took effect in July 2006.
Due to concerns about agriculture, particularly the deal’s provisions on rice and livestock, Thailand negotiated separate arrangements with the Korean government to join the pact in early 2009. Korea is also interested in a separate, higher level FTA with Malaysia.
last update: May 2012
Photo: Joe Mabel / CC BY-SA 3.0
South Korea on Monday proposed a new pact on digital trade with Southeast Asia to cope with the changing global business environment and forge deeper economic ties with the region.
South Korea’s trade ministry it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers.
The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce.
Indonesia’s and South Korea’s $9.1 billion electric car battery joint venture project has gotten a boost after the two countries signed a comprehensive investment and trade deal.
South Korea has expressed intention to step up the pace of the negotiations on the proposed Philippines-Korea Free Trade Agreement (FTA), the Department of Finance (DOF) said in a statement.
South Korea will hold the fourth round of free trade talks with Cambodia this week as part of efforts to diversify its export portfolio in Southeast Asia.
Cambodia and South Korea ended the second round of their negotiations on free trade agreement (FTA) today with progress on finished the chapter of trade cooperation and market access and other chapters of the agreement.
The Philippines and South Korea will resume bilateral free trade negotiations in the second week of September in order to finalize an agreement before the end of the year.
South Korea said Monday it will launch the second round of free trade negotiations with Cambodia this week as the country broadens efforts to expand its export portfolio to cushion the economic fallout from the new coronavirus pandemic.
Cambodia and South Korea have agreed to launch official negotiations for a bilateral free trade agreement (FTA).