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Summary Information
Full Title

2005 Framework Agreement on Comprehensive Economic Cooperation Among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

Short Title / Abbreviations

2005 AKFTA

CIL Subject Classification
Date of Adoption 13/12/2005
Place of Adoption Kuala Lumpur, Malaysia, 9th ASEAN-Republic of Korea (ROK) Summit
Issued/Adopted by Heads of State/Government of ASEAN and the Republic of Korea
Dispute settlement provisions

Article 5.1: Dispute Settlement

“1. Any dispute concerning the interpretation, implementation or application of this Framework Agreement shall be resolved through the procedures and mechanism as set out in the Agreement on Dispute Settlement Mechanism under this Framework Agreement.

2. Notwithstanding paragraph 1, any disputes arising from paragraph 3 of Article 2.2 (Trade in Services), paragraph 3 of Article 2.3 (Investment), Chapters 3 (Economic Cooperation) and 4 (Other Areas), and the Annex on Economic Cooperation shall not be subject to the Agreement on Dispute Settlement Mechanism under this Framework Agreement.”

Depository

Secretary-General of ASEAN

Annexes

Annex of the Framework Agreement on Comprehensive Economic Cooperation Among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

Entry Into Force Status In Force
Source

Treaty Room of the Ministry of Foreign Affairs of the Republic of Indonesia

Date of Entry into Force

01/07/2006

Entry into Force / Termination Provisions

Article 5.8: Entry into Force

“1. This Framework Agreement shall enter into force on 1 July 2006, provided that at least one ASEAN Member Country and Korea are among the Signatory Countries that have by then notified all the other Parties in writing of the completion of their internal procedures. In the event this Framework Agreement does not enter into force on 1 July 2006, it shall enter into force on the first day of the second month following the latter date on which at least one ASEAN Member Country and Korea have notified all the other Parties in writing of the completion of their internal procedures.

2. A Party shall, upon the completion of its internal procedures for the entry into force of this Framework Agreement, notify all the other Parties in writing.

3. Where a Party is unable to complete its internal procedures for the entry into force of this Framework Agreement by the date as set out in paragraph 1, this Framework Agreement shall come into force for that Party upon the date of notification of the completion of its internal procedures.”

Status
ASEAN States (Source:

Treaty Room of the Ministry of Foreign Affairs of Indonesia

as of 06/03/2024)
Brunei Darussalam Signature 13/12/2005
Cambodia Signature 13/12/2005
Ratification 06/02/2008
Indonesia Signature 13/12/2005
Signature 04/05/2007
Lao PDR Signature 13/12/2005
Acceptance 31/05/2007
Malaysia Signature 13/12/2005
Ratification 26/01/2006
Myanmar Signature 13/12/2005
Philippines Signature 13/12/2005
Singapore Signature 13/12/2005
Thailand Signature 13/12/2005
Ratification 01/06/2009
Vietnam Signature 13/12/2005
Ratification 09/05/2006
Other Country Republic of Korea  Signature 13/12/2005
Related Instruments
Protocols / Amendments to this instrument

Trade in Goods

2006 Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

2006 Letter of Understanding among the Parties to the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea on the Back-to-Back Certificate of Origin

2006 Letter of Understanding among the Parties to the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea on the Tariff Rate Quota

2009 Letter of Understanding for the Amendment of the Product Specific Rules set out in Appendix 2 of Annex 3 of the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of ASEAN and the Republic of Korea

2009 Protocol on the Accession of the Kingdom of Thailand to the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

2010 Protocol to Amend the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation Among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

2011 Second Protocol to Amend the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

2015 Third Protocol to Amend the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

Trade in Services

2007 Agreement on Trade in Services under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

2007 Letter of Understanding among the Parties to the Agreement on Trade in Services under the Framework Agreement on Comprehensive Economic Cooperation among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

2009 Protocol on the Accession of the Kingdom of Thailand to the Agreement on Trade in Services under the Framework Agreement on Comprehensive Economic Cooperation Among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

Investment

2009 Agreement on Investment under the Framework Agreement on Comprehensive Economic Cooperation Among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

Related Instruments

2004 Joint Declaration on Comprehensive Cooperation Partnership between the Association of Southeast Asian Nations and the Republic of Korea

2005 Agreement on Dispute Settlement Mechanism Under the Framework Agreement on Comprehensive Economic Cooperation Among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea

External Links
Additional Information

Dates of ratification and notification given above were obtained from the Treaty Room of the Indonesian MFA and its electronic collection of instruments of ratification, accession and notification. Some of the dates given appear to be the dates of execution of the instruments of ratification/notification, rather than their date of receipt by the depository.