ASEAN and the Republic of Korea are currently in the process of upgrading its existing free trade agreement, according to Satvinder Singh, the deputy secretary-general for ASEAN Economic Community.

ASEAN is currently in the process of upgrading its existing free trade agreement with dialogue partner South Korea, according to Satvinder Singh, the deputy secretary-general for ASEAN Economic Community.

Vietnam and the Republic of Korea must work to support both nations' businesses by utilizing incentives from free trade agreements (FTAs) toward the bilateral trade target of US$100 billion by 2023, said Deputy Minister of Industry and Trade Do Thang Hai.

In spite of Vietnam’s prolonged trade deficit with the Republic of Korea (ROK), it is still no big concern as the Northeastern Asian economy aims to swell its investment and exports to its strategic partner for production and re-exports.

The Republic of Korea’s trade ministry has launched talks with ASEAN to upgrade their free trade agreement and further lower trade barriers.

Consul General of the Republic of Korea Kang Myeong Il expressed his desire to boost cooperation between his country and Vietnam during a meeting with Ho Chi Minh City Mayor Nguyen Thanh Phong on March 12.

South Koreans investing in Việt Nam can capitalise on preferential treatment under free trade agreements (FTAs) that Việt Nam has signed to boost exports, one top official said.

During her talks with Speaker of the RoK’s NA Park Byeong-seug in Hanoi on November 2, the top Vietnamese legislator welcomed his five-day official visit to Vietnam

WTO members reviewed on 29 September four regional trade agreements concluded between developing countries at a dedicated session of the Committee on Trade and Development.

SOUTH Korean officials have expressed their intention to sign a free trade agreement (FTA) with Cambodia next month to boost bilateral trade.