the recommendations of the ASEAN-ROK Expert Group (AKEG) on Measures to Increase Trade and Investment and Investment through Market Liberalization and Integration; 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. a good is wholly obtained or manufactured in the territory of the exporting Party; or. For any other policy and tariff questions, please contact the following officials: The Asean-Korea Investment Agreement was signed on 2 June 2009 between the ASEAN Member States and the Republic of Korea. The first tranche of the tariff reduction/elimination for AKTIG started on 1 June 2007. . . Compensation in the event of nationalisation or expropriation of covered investments VNM – Value of non-originating materials, which is either an agreement on trade in goods under the Framework Agreement for Comprehensive Economic Cooperation between ASEAN and Korea, Protocol amending the Agreement on trade in goods under the Framework Agreement for Comprehensive Economic Cooperation between the Governments of the Member States of the Association of Southeast Asian Nations and e the Republic of Korea The Agreement establishes the basis for the extension of investments between the Contracting Parties through measures such as better protection of investors and most favoured nations (THE MOST SEVERELY HANDICAPPED) that guarantee protection against discriminatory measures taken by governments. promote cooperation on a mutually beneficial basis; Subsequently, on 1 January 2010 the ASEAN-Korea Free Trade Agreement (NAFTA) enters into force. 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. At the 8th ASEAN-Korea Summit on 30 November 2004, Heads of State and Government signed the ASEAN-ROK Joint Declaration on a Comprehensive Partnership Agreement on Cooperation.
Through the Joint Declaration, the Heads of State or Government agreed, inter alia, that the Third Protocol was signed by all parties to the Agreement on 22 November 2015. To date, 7 Contracting Parties have ratified the Protocol as follows: CONTACT For questions relating to the Certificate of Preferential Origin (CO Form AK) / Rules of Origin, please contact: A General Rule of Regional Value (RVC) 40% or more of the FOB Value or Change in Tariff Heading (CTH) of the Harmonized System, which allows exporters/manufacturers to choose the rule to apply. Even in the event of a dispute, investors can resort to arbitration, since the agreement provides for an investor-state dispute settlement mechanism The ASEAN-Korea Agreement on Trade in Services provides for the gradual liberalization of the services sector through significant sectoral coverage covering all types of supply. Services and service providers in the region will benefit from improved market access and national treatment in sectors/subsectors in which commitments have been made. . the cif value at the time of importation of the materials, parts or goods; or. Protocol on thailand`s accession to the ASEAN-Korea Agreement on Trade in Goods Under the AKTIG Agreement, a product is considered to be originating if it fulfils one of the following criteria: the Third Protocol amending the AKTIG Agreement introduced new commitments on customs procedures and trade facilitation and the inclusion of the tariff reduction plans by lines of the parties to the WIG Agreement. . . .