ASEAN - Korea

In 2005, ASEAN and Korea entered into the Framework Agreement on Comprehensive Economic Cooperation. The Parties, on the ground of the Framework Agreement, signed 04 other Agreement, namely Agreement on Trade in Goods (effective from June, 2007), Agreement on Trade in Services (effective from May, 2009), and Agreement on Investment (effective from June, 2009) with the aim of establishing an ASEAN – Korea Free Trade Area.

Implementation news

Under construction

News

Relocating to Vietnam to Mitigate the Effect of the US – China Trade War

In the last few years, driven by rising labor costs, the need for diversification, and the government’s focus shifting from labor-intensive sectors to high-tech industries, Chinese as well as foreign firms operating in China have slowly shifted their manufacturing activities to Southeast Asia, especially Vietnam.