Financial Times (May 13)
Japan, South Korea and China generate nearly 20% of global GDP and now they’re working toward a free trade agreement. They all have a common interest in this. China is “the biggest trade partner of Japan and South Korea.” Xinhua has estimated a treaty could boost each country’s GDP between 0.5% (Japan) to 3.1% (South Korea). An agreement may not, however, come easily as the three nations “are divided by political distrust, trade barriers and diverging investment policies.”
Japan, South Korea and China generate nearly 20% of global GDP and now they’re working toward a free trade agreement. They all have a common interest in this. China is “the biggest trade partner of Japan and South Korea.” Xinhua has estimated a treaty could boost each country’s GDP between 0.5% (Japan) to 3.1% (South Korea). An agreement may not, however, come easily as the three nations “are divided by political distrust, trade barriers and diverging investment policies.”
Tags: China, Free trade agreement, GDP, Japan, South Korea
