ASEAN-KOREA FREE TRADE AREA (AKFTA) - Yulchon
ASEAN-KOREA FREE TRADE AREA (AKFTA) - Yulchon
ASEAN-KOREA FREE TRADE AREA (AKFTA) - Yulchon
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Potentials & Challenges<br />
Record High Exports Driven by Commodities<br />
Strong Export Growth (USD Billion) Export Price Index (Rebased to 100)<br />
120<br />
250<br />
80<br />
200<br />
150<br />
40<br />
100<br />
0<br />
2003 2004 2005 2006 2007<br />
50<br />
2003 2004 2005 2006 2007 2008<br />
Agri Mineral Manufactured Oil Gas<br />
Non Oil & Gas<br />
Oil & Gas<br />
Both oil & gas and non-oil & gas exports have gained significantly since 2002.<br />
Total exports rose 14.0% to USD 118.01 billion in 2007- volumes and prices of major commodities such<br />
as crude palm oil, nickel, paper and chemicals spiked.<br />
Dependency on the US market has declined – share of exports to U.S has steadily fallen from 13.3% in<br />
2002 to 9.8% for 2007<br />
13
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