Wednesday, April 26, 2006

Trade Agreements: ASEAN set to conclude free trade agreement with South Korea

Member nations of the Association of Southeast Asian Nations, expect to conclude a free trade agreement with South Korea in a meeting to be held in the Philippines next month, the Department of Trade and Industry said.

The Asean-Korea Free Trade Agreement (AKFTA), which includes provisions for trade in goods and dispute settlement, was signed during the parties' Kuala Lumpur Summit last December.