ASEAN-Republic of Korea Free Trade Area

27/08/2015

Overview of ASEAN – Republic of Korea Relations

ASEAN and the Republic of Korea (ROK) initiated sectoral dialogue relations in November 1989. The ROK was accorded a full Dialogue Partner status by ASEAN at the 24th ASEAN Ministerial Meeting (AMM) in July 1991 in Kuala Lumpur.  Since the ASEAN-ROK partnership was elevated to a summit level in 1997 in Kuala Lumpur, relations between ASEAN and the ROK have broadened and deepened.

The relationship reached a new height with the signing of the Joint Declaration on Comprehensive Cooperation Partnership at the 8th ASEAN-ROK Summit on 30 November 2004 in Vientiane and the adoption of the ASEAN-ROK Plan of Action (POA) to implement the Joint Declaration at the 9th ASEAN-ROK Summit on 13 December 2005 in Kuala Lumpur. ASEAN and the ROK made good progress in the implementation of the POA.

ASEAN and the ROK commemorated the 20th Anniversary of ASEAN-ROK dialogue relations in 2009. The ASEAN-ROK Commemorative Summit was held on 1-2 June 2009 in Jeju Island, the ROK. The Summit issued a Joint Statement of the ASEAN-Republic of Korea Commemorative Summit. 

The 13th ASEAN-ROK Summit on 29 October 2010 in Ha Noi agreed to elevate ASEAN-ROK dialogue relations from comprehensive cooperation to strategic partnership. In order to concretise the elevation, the Leaders adopted the Joint Declaration on ASEAN-ROK Strategic Partnership for Peace and Prosperity and its Action Plan, which covers the period of 2011-2015.

ASEAN - Republic of Korea Free Trade Area

Framework Agreement on Comprehensive Economic Cooperation (English version

Agreement on Dispute Settlement Mechanism

Agreement on Trade in Goods

Protocol to Amend the Agreement on Trade in Goods

Second Protocol to Amend the Agreement on Trade in Goods

Third Protocol to Amend the Agreement on Trade in Goods 

Letter of Understanding for the Amendment of the Product Specific Rules set out in Appendix 2 of Annex 3 of the Agreement on Trade in Goods

Letter of Understanding on the Tariff Rate Quota

Letter of Understanding on the Back-to-Back Certification of Origin

Annex 1: Modality for Tariff Reduction and Elimination for Tariff Lines Placed in the Normal Track

Annex 2: Modality for Tariff reduction/Elimination for Tariff Lines Placed in the Sensitive Track

Appendix 1: Sensitive List

Appendix 2: Highly Sensitive List

Annex 3: Rules of Origin

Appendix 1: Operational Certification Procedures for the Rules of Origin

Appendix 2: Product Specific Rules

Appendix 3: Explanatory Notes to Annex 3

Attachment to Appendix 1 to Annex 3 (CO Form AK & Overleaf) - ASEAN Version

Tariff Elimination Schedule

Brunei Darussalam

Cambodia

Indonesia

Lao PDR

Malaysia

Myanmar

Philippines

Thailand

Vietnam

Republic of Korea

Search for Vietnam's tariff under AKFTA

Agreement on Investment

Agreement on Trade in Services

Letter of Understanding among the Parties to the Agreement on Trade in Services, Singapore, 21 November 2007

Annex on financial services

First Package of Services Commitments

Brunei Darussalam

Cambodia

Indonesia

Lao PDR

Malaysia

Myanmar

Thailand

Philippines

Republic of Korea

Singapore

Vietnam

Other related documents:

Protocol on the Accession of the Kingdom of Thailand to the Agreement on Trade in Services

Annexes to the Protocol on the Accession of the Kingdom of Thailand to the Agreement on Trade in Services

Protocol on the Accession of the Kingdom of Thailand to the Agreement on Trade in Goods

Annexes to the Protocol on the Accession of the Kingdom of Thailand to the Agreement on Trade in Goods