A free trade agreement took effect Friday between Korea and five member countries of the Association of Southeast Asian Nations.
Under the deal, trade barriers have been lifted on all imports from Malaysia, Indonesia, Singapore, Vietnam and Myanmar.
A similar accord between Korea and other members of the association excluding Thailand is in the final phase of ratification.
Seoul concluded the free trade deal with nine ASEAN members last year with the goal of liberalizing merchandise trade by the year 2010.
Market experts say the agreement will raise Korea's real GDP by 0.6 percent.
Arirang News
Full Version: Korea-ASEAN FTA Takes Effect
not much of a big deal tho
QUOTE(retardsrox @ Jun 5 2007, 11:34 PM) 
not much of a big deal tho
Not now, but while all those countries are growing it will become a HUGE deal. From what I believe some of them are growing quite fast.
it's a big deal.
Korea got a good deal out of the fta negotiations with ASEAN.
Korea got a good deal out of the fta negotiations with ASEAN.
With Korea being bigger than most of em we got the better part definitely.
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