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Research on AKFTA
29 Pages • Essays / Projects • Year: Pre-2020
This report provides an analysis and evaluation of the current AKFTA. It aims to discuss the impacts and benefits of AKFTA from Singapore’s perspective. Generally, FTAs are legal agreements between two or more countries to reduce or remove all tariffs and nontariff barriers, granting business opportunities for SMEs to enhance their market access. In view of the growing economic relations between ASEAN and Korea, the ASEAN Korea Free Trade Agreement (AKFTA) was eventually signed by both parties on 13 December 2005. Subsequently, the AKTIGA, AKTISA as well as the AK-AI was entered into force in June 2007, May 2009 and June 2009 respectively.
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