Agriculture issues are holding up progress in free trade agreement (FTA) talks between South Korea and Japan, a Korean government official said Monday.
Japan has been lagging behind other industrialized nations in pursuing bilateral or regional agreements. It now needs a strategy as it tries to catch up with the global trend.
Japan and Malaysia on Friday took a step closer to reaching a free trade agreement, clearing a key hurdle related to the agricultural, forestry and fisheries sector, government sources said.
The government on Tuesday approved a basic plan to promote free-trade agreements, prioritizing accords with Asian trading partners to help build an East Asian community. It also adopted a set of 12 criteria to choose potential FTA partners, envisioning future negotiations with trading partners outside East Asia.
Japan needs to work on loosening restrictions in domestic agriculture and labour and to work effectively to more swiftly forge free trade agreements (FTAs), the government’s top advisory panel said on Monday.
Japan’s Foreign Minister Nobutaka Machimura proposed Saturday Japan and South Korea hold talks on a free trade agreement (FTA) as early as January next year.
Negotiations to conclude a free trade agreement between Japan and South Korea are expected to face tough going because of ongoing disputes in specific areas of bilateral trade.
The governments of Japan and Indonesia are mulling a new economic agreement, which would see the latter offering Japanese firms incentives to invest here.
A report on the status of FTA fever in 12 Asian countries: Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand and Vietnam.
Free trade agreements are flying around East Asia these days, with even India, from South Asia, getting a piece of the action.
Mazda Motor Corp. has set up a new unit in Mexico to start selling vehicles there, taking advantage of the scheduled implementation of a free trade agreement between Japan and Mexico next year.
The Japanese government has urged Thailand to lift tariffs on car imports as part of its efforts to conclude a free trade agreement. At the same time, Japanese automakers, whose affiliated firms take up most of the Thai auto market, are cautious about the FTA because it could cause fierce competition between the same Japanese car models.
Japan and the Philippines on Monday clinched a broad free trade agreement (FTA) that would include letting a trickle of nurses into Japan to help cope with a shortage.
If proof were needed that an Asian free-trade "arms race" has begun in earnest, then the 10th ASEAN summit in Vientiane on November 29th-30th provided it in abundance. The highlight of the summit was the signing of an FTA between China and ASEAN, but equally striking was the number of other trade pacts that were, variously, agreed, worked on or proposed during the meeting in the Lao capital.
Japan is proving a tough negotiator for countries with their hopes pinned on FTAs.
Japan and the Philippines reached a basic agreement for a bilateral free-trade agreement after striking a deal on the stickiest issue — steel tariffs.
Japan and Chile are expected to set up a joint study board aimed at concluding a free trade agreement.
Trade negotiators from Japan and Thailand resumed free-trade talks Monday after Thai Prime Minister Thaksin Shinawatra decided to withdraw rice from the negotiating table.
Chicken farmers from Japan have descended on Bangkok this week to lobby for the withdrawal of poultry products from free-trade talks, following the success of Japanese farmers in getting Thailand to drop rice.
Japan is considering a free trade agreement with Chile out of concern the Latin American country’s FTA agreements with other nations may put Japanese companies in the area at a disadvantage.