The Free Trade Agreement between Vietnam and Korea (VKFTA) was signed on May 5th, 2015 and officially came into effect on December 20th, 2015. Compared to FTA ASEAN – Korea (AKFTA), VKFTA contains more preferences that the Parties give to each other in the field of goods, services and investment. However, VKFTA does not replace AKFTA. These two FTAs coexists and enterprises can choose to use the more favorable one.
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