Japan’s parliament approved joining the RCEP to aim for it to come into effect from the start of next year. The approval by Japan’s upper house comes after China called for the deal to be ratified to shore up the economy in the Asia-Pacific.
Japan’s parliament approved Wednesday the world’s largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year.
New Delhi is keen on a review of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) to improve market access for Indian goods.
Japan has shown its reluctance to take forward a proposal by Bangladesh for conducting a joint feasibility study on the possibility to sign a free trade agreement (FTA) between the two countries.
The Diet, Japan’s parliament, on Friday started debates on whether to approve the Regional Comprehensive Economic Partnership free trade deal, which was agreed on by Japan and 14 other nations in November last year.
The government of Ghana has expressed its interest in concluding the negotiations with Japan on the Bilateral Investment Treaty (BIT), which has been pending since April 2014.
Ukraine is interested in starting negotiations on the conclusion of a free trade agreement with Japan.
India has sought a review of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) to improve market access for Indian goods and check the growing bilateral trade imbalance.
Britain’s trade deal with Japan settled the nerves of a lot of Japanese businesses in the United Kingdom and gives them confidence about their future prospects there, a senior Honda executive said.
The Japanese government adopted at a cabinet meeting Wednesday a plan to approve a deal to forge the Regional Comprehensive Economic Partnership, which was agreed on by Japan and 14 other nations in November last year.
Ukraine looks forward to starting negotiations with Japan on a free trade agreement and updating the convention on the avoidance of double taxation.
The US was critical in convincing Japan to join the trade pact. Now Tokyo wants to bring Washington back into the fold.
As London eyes entry into Quad, Beijing looks to New Zealand for opening.
The Commerce and Industry Ministry is trying to prepare a roadmap and a scoping paper to quickly start review of respective free trade agreements with Japan and ASEAN, Union minister Piyush Goyal said on Tuesday.
China will step up efforts to expand its free trade area network with trading partners across the world to enlarge its “circle of friends”, while eliminating more tariffs on goods and broadening market access for services trade and investment, according to commerce minister Wang Wentao.
Britain, China and South Korea have recently shown interest in joining the TPP, while Japanese officials are keeping close tabs on whether Washington will return to the framework.
TPP-11 has suddenly turned into something of an exclusive club that nations are clamoring to get in. But next year’s chair of the trade pact, Japan, will be the gatekeeper upholding the strictest standards.
South Korea and Japan look set to be the biggest winners in the Asian oil and chemicals marketplace as the world’s largest regional free-trade agreement paves the way for a gradual reduction in tariffs.
China’s renewed pursuit of a free trade agreement with South Korea and Japan appears aimed at undercutting US influence and shaping regional economic cooperation on terms favorable to it.
Phnom Penh is negotiating a raft of free-trade agreements, but the pacts are not expected to lessen its reliance on Beijing.