At the 2014 ASEAN-ROK Commemorative Summit, Heads of State and Government agreed to achieve a two-way trade volume of $200 billion by 2020, including by maximizing the use of NAFTA to improve economic ties between ASEAN and ALER. the recommendations of the ASEAN-ROK Expert Group (AKEG) on Measures to Increase Trade and Investment and Investment through Market Liberalization and Integration; The Third Protocol amending the AKTIG Agreement introduced new commitments on customs procedures and trade facilitation and made legally applicable the inclusion of the online tariff reduction plans of the parties to the WIG Agreement. the earliest recorded price paid for materials, parts or goods of undetermined origin in the territory of the Contracting Party where the working or processing took place In the event of a dispute, investors may also benefit from arbitration proceedings, since the Agreement provides for an investor-State dispute settlement mechanism. Launch of NAFTA negotiations in early 2005, with the aim of exempting at least 80% of products by 2009, and taking into account special and differential treatment and additional flexibility for the new ASEAN member states. Compensation in the event of nationalization or expropriation of covered investments. A general regional value rule (RVC) equal to or greater than 40% of the FOB value or change in tariff heading (CTH) of the Harmonized System, which allows exporters/producers to choose the rule to be applied. The ASEAN-Korea Investment Agreement was concluded on 2 June 2009 signed between the ASEAN Member States and the Republic of Korea. Provisions on fair and equitable treatment, protection and security of covered investments Treatment related to compensation for losses resulting from armed conflict, national emergency and civil conflict At the 8th ASEAN-Korea Summit on 30 November 2004, Heads of State and Government signed the ASEAN-ROK Joint Declaration on a Partnership Agreement: global cooperation. Through the Joint Declaration, the Heads of State and Government agreed, among other things, on Internet Explorer 10 and above with the 1280 x 800 resolution. . The aim of the agreement is to ease entry and processing restrictions for a wide range of service sectors, including business, construction, education, communication services, environment, tourism services and transport services in the ASEAN region and roK.
The first tranche of tariff reduction/elimination for AKTIG started on 1 June 2007. The ASEAN-Korea Agreement on Trade in Services was signed on 21 November 2007 by the ASEAN Member States, with the exception of Thailand and the Republic of Korea. The agreement entered into force on 1 May 2009. . a good is wholly obtained or manufactured in the territory of the exporting Party; or RVC – value of originating goods that includes the value of original materials, direct labour costs, direct overheads, transportation costs and profits The ASEAN-Korea Free Trade Agreement (NAFTA) entered into force on January 1, 2010. With the implementation of the Free Trade Agreement, ASEAN and ROK are expected to strengthen and deepen economic integration and contribute to capacity building through the exchange of available resources and expertise. The creation of the free trade agreement should also allow for greater fluidity of ropean investment in ASEAN. the establishment of an ASEAN-ROK Free Trade Area; and Agreement on Trade in Goods under the Framework Agreement for Comprehensive Economic Cooperation between ASEAN and Korea. . . .