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.
(from VCCI)