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ASEAN-South Korea Free-Trade Area

Syllabus of the Sub-subject: Free-Trade Area between the ASEAN and South Korea.

  1. Introduction to the ASEAN-Korea Free-Trade Area
  2. ASEAN-South Korea Free Trade Agreement (FTA)
  3. Foreign Trade between the ASEAN Countries and South Korea
The Sub-subject “ASEAN-South Korea Free-Trade Area” is part of the following programs:
  1. Masters (e-learning): International Business, Asia, Emerging Markets, Pacific
  2. Doctorate in Business in Asia
  3. Diploma: ASEAN Markets

Master for Korean Students

Languages of study English or Spanish ASEAN-Corea French Coree Portuguese ASEAN

Sample of the Sub-subject: ASEAN-Korea Free-Trade Area
ASEAN-South Korea Free Trade Agreement (FTA)

Description of the Sub-Subject: ASEAN-South Korea Free-Trade Area

The Framework Agreement on Exhaustive Economic and Trade Cooperation was signed at the 9th Summit of the Association of Southeast Asian Nations (ASEAN) in 2005.

The ASEAN-South Korea Free-Trade Area entered into force in 2010.

The Framework Agreement provides for the ASEAN-South Korea Free-Trade Area:

  1. 2008 for South Korea
  2. 2010 (with flexibility to 2012) for Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore, and Thailand
  3. 2016 for Vietnam
  4. 2018 for Cambodia, Laos, and Myanmar

Foreign Trade Korea-ASEAN.

  1. International Trade between the Association of Southeast Asian Nations (ASEAN) and South Korea is robust despite the global economic and financial crisis
  2. Compared to the 22% decline in the global trade in 2009, the total bilateral trade between the ASEAN and South Korea showed a strong efficiency with only a slight drop of 4% from the previous year, reaching the level of 75 billion dollars from 78 billion dollars
  3. Foreign trade volume between the Association of Southeast Asian Nations member economies and the Republic of Korea tripled from 2001 to 08 from 32 billion dollars to 90 billion dollars
  4. The value of the total trade between the ASEAN and Korea was much higher than its pre-global crisis (61 billion dollars in 2007)

ASEAN's Free Trade Agreements (FTA).



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