Plurilateral FTA
ASEAN–Korea Free Trade Area (AKFTA)
An ASEAN+1 agreement covering goods, services and investment between ASEAN and the Republic of Korea.
- Abbreviation
- AKFTA
- Status
- In force
- Type
- Plurilateral FTA
- Scope
- Goods and services
- Signed
- Aug 2006
- In force since
- Jun 2007
- Member countries
- 11
- C/O form (Vietnam)
- AK
Key features
- Elimination or reduction of import duties on most goods, phased in according to each party’s tariff schedule.
- General rule of origin: 40% regional value content (RVC) or a change in tariff heading, plus product-specific rules.
- Commitments on trade in services.
- Investment liberalisation and/or protection rules.
What it means for Vietnamese businesses
Vietnamese exporters to Korea can choose between AKFTA (Form AK), the bilateral VKFTA (Form VK) and RCEP. VKFTA often gives deeper cuts on Vietnamese priorities such as seafood and fruit; check both schedules for your HS code.
Proof of origin
Usual proof of origin for goods traded with Vietnam: AK. Check the current MOIT guidance and the agreement’s product-specific rules.
Related guides
- Certificate of Origin (C/O) in Vietnam: Forms, Rules of Origin and Filing
- HS Code Classification: How to Classify Goods Correctly for Vietnam Customs
- Customs Clearance in Vietnam: A Step-by-Step Guide for Importers and Exporters