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Assessment of the 2014 ASEAN-Republic of Korea Commemorative Summit

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Frame of Image e political, diplomatic, economic, and socio-cultural cooperation. Held on December 11-12, 2014 in Busan, Korea, it marked the second ASEAN-ROK summit, the first having taken place in Jeju in 2009. The ROK took this opportunity to meet with each of the ten ASEAN member states before and after the summit so as to promote bilateral relations with individual nations. In the political and security arenas, the ROK and ASEAN agreed to further strengthen political and security cooperation through future ASEAN-ROK dialogues. In this regard, the two sides had agreed to begin assistant ministerial-level security talks in 2013 and the first security talks took place at the 18th ASEAN-ROK Dialogue in Busan in June 2014. On the economic front, the two sides agreed to continue negotiations for further liberalization of the ASEAN-Korea Free
T
Trade Agreement (AKFTA) to reach the trade volume of 200 billion US dollars by 2020, with an aim to conclude the negotiations by late 2015, and to continuously work on addressing the trade imbalance between the two sides at the same time. They also agreed to finalize the Regional Comprehensive Economic Partnership (RCEP) negotiations by the end of 2015, and to establish an ASEANROK innovation center, aiming to strengthen innovative capacity, optimize human capital development, and improve competitiveness of ASEAN small-andmedium enterprises. For socio-cultural cooperation, the ROK proposed to establish and expand a network for future generations by sim


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Title Assessment of the 2014 ASEAN-Republic of Korea Commemorative Summit
Similar Titles
Material Type Reports
Author(English)

Bae, Geung-chan

Publisher

[Seoul]:Institute of Foreign Affairs and National Security

Date 2014-12
Series Title; No IFANS Brief / 2014-35
Pages 6
Subject Country South-Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Government and Law < International Politics
Holding IFANS; KDI School