ASEAN and Korea entered into the Framework Agreement on Comprehensive Economic Cooperation in 2005. On the ground of the Framework Agreement, the parties signed 04 other Agreements, 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.
ASEAN and the Republic of Korea (ROK) initiated sectoral dialogue relations in November 1989. The ROK was accorded a full Dialogue Partner status by ASEAN at the 24th ASEAN Ministerial Meeting (AMM) in July 1991 in Kuala Lumpur. Since the ASEAN-ROK partnership was elevated to a summit level in 1997 in Kuala Lumpur, relations between ASEAN and the ROK have broadened and deepened.
Effective since : 13/09/2019
Degree No. 157/2017/NĐ-CP dated December 27th 2017 on promulgating Vietnam's special preferential import Tariff for implementation of the ASEAN – Korean Free Trade Agreement in the period 2018 – 2022
