The Canadian Press - ONLINE EDITION

SKorea, China, Japan begin trade talks for world's third-largest free trade bloc

  • Print

SEOUL, South Korea - South Korea, China and Japan launched the first round of negotiations Tuesday for a free trade bloc that would be the world's third-largest after North America and the European Union.

South Korea said in a statement that officials will discuss mostly administrative issues during the three days of talks in Seoul that will end on Thursday.

The meeting will determine the areas from agriculture to intellectual property rights that will be included in future negotiations.

South Korean farmers gathered outside the venue for the talks and shouted slogans against the possible free trade agreement.

The official launch of the negotiations among the Asian rivals comes as efforts to lower tariffs and other trade barriers among major economies gain momentum.

On Monday, Japan agreed to start negotiations for a free trade pact with the European Union and earlier this month Tokyo said it will join talks on a Pacific trade pact known as the Trans-Pacific Partnership, which is led by the United States. The U.S. and EU announced free-trade talks earlier this year.

Separate trade talks are also underway between China and South Korea. Negotiations for a Japan-South Korea free trade pact are yet to resume after being halted in 2004.

South Korea's government says that lowering trade barriers with China and Japan would help reduce its vulnerability to economic conditions in the United States and Europe.

A trade agreement in East Asia would deepen ties among Asian rivals that are often at odds over political issues including territorial disputes.

"The rivalry and the tension between South Korea, China and Japan rose to one of the highest levels in 2012," said Park Ihn-hwi, a professor at Ewha University. "If the free trade deal is closed in a near future, it could provide means to indirectly address security, political or other sensitive issues in East Asia."

The three countries are all major markets for each other.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Exclusive architectural tour of CMHR with Antoine Predock

View more like this

Photo Store Gallery

  • Marc Gallant / Winnipeg Free Press. Local- Weather standup. Sundog. Refraction of light through ice crystals which caused both the sun dog and and fog along McPhillips Road early Wednesday morning. 071205.
  • Two baby tigers were unveiled at the Assiniboine Park Zoo this morning, October 3rd, 2011. (TREVOR HAGAN/WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you plan on attending any of the CMHR opening weekend events? (select all that apply)

View Results

View Related Story

Ads by Google