The Framework Agreement on exhaustive Economic and International trade Cooperation was
signed at the 9th Summit of the Association of Southeast Asian Nations
The ASEAN - South Korea Free Trade
Area (FTA) entered into force in 2010.
The Framework Agreement provides for the Free Trade Area (FTA) ASEAN - South
The International trade between the
Association of Southeast Asian Nations (ASEAN) and South Korea is robust despite the global economic and financial
crisis. Compared to the 22.6% decline in global trade in 2009, the total
bilateral trade between ASEAN and
South Korea showed a strong efficiency in 2009 with only a slight
decline of 4.5% from the previous year, reaching the level of USD 74.7 billion
from USD 78.3 billion 2008.
The foreign trade volume between the
Association of Southeast Asian Nations (ASEAN) member economies and the Republic of
tripled from 2001-08 from USD 32 billion to USD 90
The 2009 value of total trade between ASEAN and Korea was much higher than its
pre-global crisis (61 billion USD in 2007).
Example of the course FTA ASEAN -