Japan aims to finalize EPA with Korea by 2014
Arirang | 10 June 2010
Japan Aims to Finalize EPA with Korea by 2014
Japan’s new cabinet is reportedly aiming to cement financial ties with Korea by concluding an Economic Partnership Agreement or EPA by 2014.
According to Kyodo News Agency new Prime Minister Naoto Kan is expected to announce growth plans before the G8 summit scheduled to be held in Huntsville, Ontario, Canada at the end of June and they include finalizing an EPA with Korea by the end of fiscal year 2013 that is March, 2014.
Compared to a free trade agreement an EPA pursues liberalized trade without eliminating all tariffs.
Korea and Japan have held six rounds of FTA talks since 2003 but they have been stalled since 2006 due to disagreements over the agriculture sector.
