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RoK’s export to ASEAN up 4.7 percent in 10-month period

The Republic of Korea earned 82.32 billion USD from exports to the Association of Southeast Asian Nation (ASEAN) in the January-October period this year, an increase of 4.7 percent year on year.
RoK’s export to ASEAN up 4.7 percent in 10-month period ảnh 1Customers at a supermarket in the Republic of Korea (Photo: AFP/VNA)
Hanoi, (VNA) – TheRepublic of Korea earned 82.32 billion USD from exports to the Association ofSoutheast Asian Nation (ASEAN) in the January-October period this year, anincrease of 4.7 percent year on year, according to Yonhap news agency.

Yonhap quoted statistics releasedby the country’s Ministry of Trade, Industry and Energy on November 6, whichshowed the bilateral trade with the regional economic bloc stood at 132.1billion USD over the period, and is likely to surpass 150 billion USD this year.

The RoK has sought strongereconomic relations with ASEAN under President Moon Jae-in's "New SouthernPolicy" to reduce its heavy reliance on trade with the United States andChina, and foster new growth drivers. It set a goal of raising the bilateraltrade with ASEAN to over 200 billion USD by 2020.

 The ASEAN member countries are Vietnam,Indonesia, the Philippines, Brunei, Cambodia, Laos, Malaysia, Myanmar,Singapore and Thailand, with their combined population estimated at 640 million.-VNA


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