Korea’s FTA Conundrum
After a protracted courtship, Korea and Japan finally agreed last month to start negotiations on a bilateral free trade agreement (FTA).
What benefit will FTAs bring to the Japanese economy?
Let me first give you four reasons why economic partnership agreements (EPAs), which cover broader areas than free trade agreements (FTAs), are important. The first reason is that FTAs are now a world "rule of the game," and Japan is at a disadvantage in not taking part in the game.
Japan’s FTA strategy
Amid the advance of economic globalization, it is important to maintain and strengthen the free trade system. While the World Trade Organization continues to play an important role in this effort, free trade agreements (FTAs) offer a means of strengthening partnerships in areas not covered by the WTO and achieving liberalization beyond levels attainable under the WTO.
Japan: Red tape, resistance block free trade accords
Correctly tweaked, the numbers make perfect sense - free trade agreements (FTAs) between Japan and South-east Asian countries could provide a much-needed fillip to the moribund Japanese economy, and will in turn give a boost to a region in which Japan is already the biggest investor.
Japan’s policy to strengthen economic partnership
– Promoting Economic Partnership Agreements with closely related
countries and regions