Singapore Government
International Enterprise Singapore
Contact Info    |    Feedback    |    Site Map
 IE  Google  Red Nano
    ASEAN Free Trade Area (AFTA)  
    ASEAN-Australia-New Zealand FTA (AANZFTA)  
    ASEAN-China (ACFTA)  
    ASEAN-India (AIFTA)  
    ASEAN-Japan (AJCEP)  
    ASEAN-Korea (AKFTA)  
    Australia (SAFTA)  
    China (CSFTA)  
    Costa Rica (SCRFTA)  
    GCC (GSFTA)  
    Hashemite Kingdom of Jordan (SJFTA)  
    India (CECA)  
    Japan (JSEPA)  
    Korea (KSFTA)  
    New Zealand (ANZSCEP)  
    Panama (PSFTA)  
    Peru (PeSFTA)  
    Switzerland, Liechtenstein, Norway and Iceland (ESFTA)  
    Trans-Pacific SEP (Brunei, New Zealand, Chile, Singapore)  
    United States (USSFTA)  
Home >> Singapore FTAs >> ASEAN Korea (AKFTA)
  Overview of ASEAN Korea (AKFTA)

The ASEAN Korea Free Trade Area (AKFTA) was proposed by the Korean President Roh Moo Hyun in October 2003 at the ASEAN-Republic of Korea Summit held in Bali, Indonesia.

Negotiations began in 2005 and the Trade in Goods chapter of the AKFTA entered into force in June 2007. It was agreed that ASEAN-6 and Korea shall eliminate tariffs for 90% of all products by 2010. Thailand signed the Accession Protocols to the Trade in Goods and the Trade in Services Agreements under the AKFTA on 27 February 2009.


With effect from 1 June 2014, ASEAN Member States with the exception of Cambodia and Myanmar will implement the removal of the requirement to state the Free On Board (FOB) value in Box 9 of the ASEAN-Korea Free Trade Area (AKFTA) Preferential CO Form AK in cases where Wholly Obtained (WO), Change in Tariff Classification (CTC), Process Rule or Specific Processes is applied as the origin criterion.  More details at Singapore Customs Circular No: 09/2014 dated 23 May 2014.

 Click here to download : Trade in Goods Guide to using AKFTA
Benefits to Exporters to Korea
  Trade in Goods
  Rules of Origin
  Customs Documentation
  Mutual Recognition Goods
   Trade in Services
  Movement of Business Persons
  Government Procurement
  Dispute Settlement
  Intellectual Property
  Legal Text


Last reviewed date 23 Jul 2014 |  Terms of UsePrivacy Statement | Rate this website 2014 International Enterprise Singapore