China–Japan–South Korea Free Trade Agreement

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The China–Japan-South Korea Free Trade Agreement is a proposed free trade agreement between China, Japan and South Korea. The China-Japan-South Korea Free Trade Agreement was proposed in 2002.Negotiations on the agreement were set in motion in 2012.[1] The three nations make up to 19.6% of the world's economy.The first official talks on the matter were held in Seoul from 26–28 March 2013. Further talks were held in China and Japan throughout 2013, and more were scheduled for early 2014. Trade among the three economies totalled US$690 billion in 2011; however, progress on negotiations may be hampered by ongoing territorial disputes among the participants.[2]  Territorial disputes between Beijing and Tokyo led in 2012 to riots in China that targeted Japanese-owned businesses.[1] Two-way trade between South Korea and China was totaled at $230 billion in 2013.[2]

A trilateral investment has been signed by all 3 nations.[3] An agreement would push forward the integration of Asia’s economies. The whole of Asia, along with the rest of the world economy, would benefit from their intimate and progressive trade relationship.[4]

A fourth round of talks were held in Seoul, South Korea from 4–7 March 2014.[3]

Intersessional Meeting of the Negotiations on Free Trade Agreement (FTA) among Japan, China and the Republic of Korea was held in Tokyo, on June 17-18 2014 before the fifth round of talks was scheduled for later that summer.[5]

The eleventh round of talks was held from January 9-11 2017 where Trade in Goods, Trade in Services,and Investment were discussed.[6]

The twelfth round of talks will be held in Tokyo from April 10-13 2017 [7]

See also[edit]

References[edit]

  1. ^ Buckley, Chris; Jones, Terril Yue (2012-05-12). "East Asian powers set to push trade pact talks". Reuters. Retrieved 2012-05-14. 
  2. ^ "China, Japan, S. Korea conclude first round trade talks". Global Post. 2013-03-28. Retrieved 2013-03-29. 
  3. ^ "China-Japan-South Korea Hold FTA Talks Despite Political Tension". The Diplomat. 2014-03-05.