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.
The Economic Cooperation Organization (ECO) was founded in 1985 to provide members with a platform to discuss ways to improve development as well as promote trade and investment opportunities. Around 462 million people — 6.2 per cent of the world’s population — live within the 10 member states of Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. But at a time when the world trading system is moving towards regional economic integration, ECO remains one of the least integrated trade organisations in the world, making up only 2.1 per cent of world trade.
Execution Unit: Center for WTO and Economic Integration - Vietnam Chamber of Commerce and Industry
Execution Time: March 2017