AK FTA Form AK is a Preferential Certificate of Origin that is accepted as evidence of origin by preference-giving countries (member countries of AKFTA) to obtain preferential treatment.
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. The ASEAN-ROK partnership was elevated to a summit level in 1997 in Kuala Lumpur, and since then relations between ASEAN and the ROK have broadened and deepened.
At the 8th ASEAN-Korea Summit held on 30 November 2004, the Leaders signed the ASEAN-ROK Joint Declaration on Comprehensive Cooperation Partnership Agreement.
The Framework Agreement on Comprehensive Economic Cooperation between ASEAN and Korea was signed by the Leaders at the ASEAN-Korea Summit on 13 December 2005 in Kuala Lumpur, Malaysia and came into force on 1 July 2006.
Subsequently, the ASEAN-Korea Free Trade Agreement (AKFTA) came into effect on 1 January 2010. With the materializing of the FTA, it is envisaged that ASEAN and ROK will strengthen and deepen economic integration, and help to build capacity through sharing of available resources and expertise. It is also expected that the creation of the FTA facilitates greater flow of ROK investments into ASEAN.
Note: AKFTA Form AK is a Preferential Certificate of Origin that is accepted as evidence of origin by preference-giving countries (member countries of AKFTA) to obtain preferential treatment.
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