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Home >> Singapore FTAs >> Korea (KSFTA)
 
  Overview of Korea (KSFTA)
 
  The Korea-Singapore Free Trade Agreement (KSFTA) was signed on 4 August 2005. The KSFTA came into force on 2 March 2006 and is Korea's first free trade agreement with an Asian country.

The objectives of this Agreement are as follows:

(a) Liberalise and facilitate trade in goods and services and expand investment between the Parties;
(b) Establish a framework for strengthening the economic relations;
(c) Establish a more favourable environment for their businesses and promote conditions of fair competition in the free trade area;
(d) Establish transparent rules to govern trade and investment;
(e) Create effective procedures for the implementation and application of this Agreement; and
(f) Establish a multi-lateral and regional cooperation and economic integration of Asian economies.
 
     
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