Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed.)īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Since the free trade deal between South Korea and ASEAN took effect in June 2007, the country's trade with the economic bloc has more than doubled.ĪSEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Thailand, Singapore and Vietnam.ĪSEAN currently stands as the second-largest trading partner for South Korea, with their trade reaching $143.8 billion in 2020, more than doubling from $61.8 billion tallied in 2006. They have decided to discuss later when they will end the measure after taking into account the virus situation. South Korea proposed that it and the economic bloc mutually approve a copy of such certificates until the pandemic is brought under control and ASEAN accepted the offer, according to the Ministry. Korean exporters have had difficulties as the Covid-19 pandemic has delayed international shipments of certificates of origin.

Quicken home and business 2021