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

Summary Information
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Additional Annexes	2007-AKFTA-TIS-Schedule-of-Specific-Commitments-1.zip 2007-AKFTA-TIS-Annex-on-Financial-Services.pdf
Full Title	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
Short Title / Abbreviations	2007 AKFTA TIS / AKTIS
CIL Subject Classification	ASEAN Documents ASEAN Economic Community Services ASEAN External Relations Republic of Korea
Date of Adoption	21/11/2007
Place of Adoption	Singapore, 11th ASEAN-Republic of Korea (ROK) Summit
Issued/Adopted by	Economic Ministers of ASEAN (excluding Thailand) and the Republic of Korea
Dispute settlement provisions	Article 29: Dispute Settlement “Unless otherwise provided in this Agreement, any dispute concerning the interpretation, implementation or application of this Agreement shall be resolved through the procedures and mechanism as set out in the Agreement on Dispute Settlement Mechanism under the Framework Agreement.”
Depository	Secretary-General of ASEAN
Annexes	Schedules of Specific Commitments Annex on Financial Services Article 22.3: “The Schedules shall be annexed to this Agreement and shall form an integral part thereof.” Article 27.2: “The Annex on Financial Services shall form an integral part of this Agreement.”
Entry Into Force Status	In Force
Source	Ministry for Foreign Affairs of the Republic of Korea
Date of Entry into Force	01/05/2009
Entry into Force / Termination Provisions	Article 31: Entry into Force “1. This Agreement 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 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 Agreement by the date as set out in paragraph 1, this Agreement shall come into force for that Party 30 days after the date on which the Party has notified all the other Parties in writing of the completion of its internal procedures. The Party concerned, however, shall be bound by the same terms and conditions of this Agreement, including any further commitments that may have been undertaken by the other Parties under this Agreement by the time of such notification, as if it has notified all the other Parties in writing of the completion of its internal procedures before the date of entry into force of this Agreement.”
Status
ASEAN States	(Source: Treaty Room of the Ministry of Foreign Affairs of Indonesia as of 12/03/2024)
Brunei Darussalam	Signature 21/11/2007
Cambodia	Signature 21/11/2007
Indonesia	Signature 21/11/2007 Signature 14/09/2010
Lao PDR	Signature 21/11/2007
Malaysia	Signature 21/11/2007
Myanmar	Signature 21/11/2007
Philippines	Signature 21/11/2007
Singapore	Signature 21/11/2007
Thailand	Accession 27/02/2009
Vietnam	Signature 21/11/2007 Approval 01/08/2008
Other Country	Republic of Korea Signature 21/11/2007 Notification 27/03/2009
Related Instruments
Protocols / Amendments to this instrument	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
Related Instruments	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 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 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 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 1994 General Agreement on Trade in Services
External Links	ASEAN accessed on 12/03/2024
Additional Information	This instrument was signed following negotiations based on Articles 1.3 and 2.2 of the 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 This instrument incorporates the 1994 General Agreement on Trade in Services Annex on Telecommunications. The date of entry into force given above is based on the Ministry of Foreign Affairs, Korea website which states that this instrument entered into force on 1 May 2009. Ratification/notification information was not available on the ASEAN Secretariat website at the time of this update. Thailand acceded to this instrument through the 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.