(VEN) - The
Republic of Korea (RoK) is the second largest trade partner (behind China) with
which ASEAN (Association of South East Asian Nations) has signed a free trade agreement
(FTA). The negotiation process began in 2004 when the leaders of ASEAN and the
RoK signed a joint statement on comprehensive economic cooperation between the
two sides, affirming their wish to establish the ASEAN-Korea Free Trade Area
(AKFTA) covering the fields of trade in goods, trade in services, and
investment. In 2005, ASEAN and the RoK signed a framework agreement on
comprehensive economic cooperation. After that the two sides signed agreements
in specific fields to create the legal foundation for AKFTA to be formed. It
can be said that AKFTA has benefited and is benefiting Vietnamese companies.SEE MORE VietNamNet Bridge – If Vietnamese
enterprises have thorough preparations, they can take full advantage of the
opportunities to be brought by free trade agreements (FTA) between Vietnam and
other countries in the world.SEE MORE Macarthur Coal Ltd., the biggest
exporter of pulverized coal used by steelmakers, said full-year
profit may rise as much as 64 percent because of record coal
prices and a one-time gain on an asset sale. SEE MORE SINGAPORE (ICIS)--Indian styrene butadiene rubber
(SBR) prices surged past $4,000/tonne (€2,760/tonne) this week and look
set to remain firm in May as supply is tighter than expected, industry
sources said on Thursday.SEE MORE TORONTO (ICIS)--Dow Chemical plans to build a world-scale ethylene plant on the US Gulf coast for start-up in 2017, the US-based chemicals major said on Thursday.SEE MORE