Japan 'eager' to join trilateral FTA
News On Japan via AsiaOne -- May 26
Japan is becoming increasingly "eager" to join a free trade agreement with China and South Korea while it is unable to join a broader Asian trade pact, and as Beijing and Seoul began negotiations on an agreement, said the Ministry of Commerce.
"Late last year, Japan was not very active regarding the trilateral FTA," said a high-level official from the ministry's Department of International Trade and Economic Affairs at a conference on the trilateral FTA feasibility study in Qingdao, Shandong province.
But after China and South Korea agreed to promote bilateral trade through a trade pact and Japan was still not allowed to join the Trans-Pacific Partnership, a trade initiative promoted by the United States, Tokyo became much more positive about a trilateral FTA this year, said the official, who declined to be named.
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