China, S.Korea, Japan to hold sixth round of talks on trilateral FTA in Tokyo
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China, S.Korea, Japan to hold sixth round of talks on trilateral FTA in Tokyo

Posted by | November 25, 2014 |

China, South Korea and Japan will hold the sixth round of talks for a trilateral free trade agreement (FTA) this week, after Beijing and Seoul concluded the substantive negotiations for a bilateral FTA, South Korea’s Ministry of Trade, Industry and Energy (MOTIE) said on Sunday.

The sixth round will be held from Monday to Friday in Tokyo, according to MOTIE. Negotiations for the trilateral FTA were launched in November 2012.

In the past two years, the three sides discussed various areas, including goods, services, investment, competition, intellectual property rights, e-commerce and environment, with the aim of achieving a comprehensive and high-level FTA, MOTIE said.

During the upcoming round, delegates from the three countries will focus mainly on modality, or basic guidelines, goods liberalization and how to liberalize services and investment. Differences have lasted over the issues among the three nations, according to MOTIE.

The latest round of talks comes after Chinese President Xi Jinping and his South Korean counterpart Park Geun-hye confirmed in Beijing the conclusion of substantive negotiations on the China-South Korea FTA on November 10.

All negotiations for the bilateral FTA will be wrapped up by the end of 2014, and the agreement is expected to be signed in 2015 and take effect in the second half of next year.

The South Korean trade ministry said it will seek to maintain consistency in talks for the deal with the China-South Korea FTA, which was effectively agreed.

Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email: michael@aartd.com

Source: http://www.globaltimes.cn/content/893238.shtml

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