End Times and Current Events

General Category => Asia => Topic started by: Psalm 51:17 on May 13, 2012, 01:58:42 pm



Title: Japan to speed pact with Korea, China: WSJ - Trade zone could rival North Americ
Post by: Psalm 51:17 on May 13, 2012, 01:58:42 pm
Japan to speed pact with Korea, China: WSJ - Trade zone could rival North American agreement, European Union
12 May 2012, Los Angeles (MarketWatch)
http://www.marketwatch.com/story/japan-to-speed-pact-with-korea-china-wsj-2012-05-12

Japan is promising to speed up efforts to forge a trade agreement with South Korea and China, opening the prospect of a formidable union rivaling the largest regional pacts in the world, The Wall Street Journal reported Saturday.

In an interview with the Journal, Prime Minister Yoshihiko Noda said Japan wants to start negotiations on an agreement “as soon as possible.”

The agreement would be called the FTA and rival the North American Free Trade Agreement and the European Union in size.

“We are pursuing high-level economic cooperation as part of our national strategy,” Noda told the Journal.

“The Japan-China-Korea FTA is an extremely important piece of it.”

Japan is relying more on China to help revive its sluggish economy, as its neighbor to the west has replaced the United States as its largest export market.

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