Chinese, Japanese and South Korean economists have called on starting urgent negotiations to create a free trade area between the three countries
2012-04-26 17:32:39
China’s Commerce Ministry spokesman Shen Danyang has recently noted that the creation of the free trade zone between China, Japan and South Korea will be connected with a process of economic integration in East Asia and will suit shared interests of the three countries and the whole region.
Chinese, Japanese and South Korean economists have noted that their three countries should urgently kick-start negotiations to create a free trade zone between themselves, Xinhua reports. Aggregate GDP of the three states adds up to 20% of world's overall economic indices and 70 % of the entire East Asian region. The launch of the negotiations to set up the free trade zone between the countries is very important to ensure economic growth in Asia.