RSS Feed
May 13th, 2012 
FAKE NEWS for the Zionist agenda The agreement, that would allow the three nations to form an integrated trade zone, reached at a Saturday summit in Beijing, attended by Chinese Premier Wen Jiabao, Japanese Prime Minister Yoshihiko Noda and South Korean President Lee Myung-bak.
“We agreed to propose that our three countries start negotiations before the end of the year. We strongly expect that the three leaders will agree to this,” Japan’s Trade Minister Yukio Edano said.
According to a feasibility study of the proposed trade pact that the governments issued late last year, the three countries accounted for respectively 19.6 percent and 18.5 percent of the world’s economy and its exports in 2010.
The three-way free trade pact is said to create a trade zone rivaling in size the North American Free Trade Agreement and the European Union.
Meanwhile, China’s Wen urged northeast Asian powers to cooperate more to counter worries over a bleak economic outlook in the wake of the European debt crisis.
“The international financial crisis is not yet over and the prospect of the European debt crisis is uncertain,” Wen said.
Tokyo also vowed to speed up efforts to establish the free trade zone with China and South Korea.
Japan wants to launch formal talks on the trilateral pact, known as an FTA,”as soon as possible,” and will urge the other two nations to join in, Japanese prime minister said.
“We are pursuing high-level economic cooperation as part of our national strategy,” Noda said.”The Japan-China-Korea FTA is an extremely important piece of it.”
China is the biggest trade partner for both Japan and South Korea. A free trade treaty is believed to bring a GDP (Gross Domestic Product) growth of up to 2.9 percent, 3.1 percent and 0.5 percent respectively for China, Japan and South Korea.
“China is simply a huge market,” Noda noted. “That’s all there is to it.”
YH/JR
Views: 0
Posted in 
Tags: 
