Armin Hohenadler

A trilateral investment was signed by the three nations. [2] An agreement would promote the integration of Asian economies. All of Asia and the rest of the world economy would benefit from their close and progressive trade relations. [3] China is currently the largest trading partner of Japan and South Korea, and Japan and South Korea are China`s second and third largest trading partners, respectively. At the eighth China-Japan-ROK meeting of heads of state and government last year, the leaders of the three sides said they will work hard to create a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, and keep markets open. After signing the agreement with reporters, Commerce Minister Hiroshi Kajiyama said 15 countries were trying to quickly complete national procedures and implement the pact „as soon as possible.“ To avoid being isolated from the United States. In international trade, China should actively promote trade liberalization and globalization, integrate more into international markets, and establish closer economic ties with more countries. At present, a free trade bloc of developed economies, led by the United States, is beginning to take shape. The United States and Japan concluded a trade agreement on tariff concessions in October 2019.

Members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) such as Canada, Australia and New Zealand have expressed interest in joining the pact, increasing the prospect of a huge trans-Pacific and transatlantic free trade agreement with more than 40 countries in Asia, Europe and North America. This will be Japan`s first trade deal, both with China, its largest trading partner, and with South Korea, as negotiations on a trilateral pact have not yet been completed. The fifteenth round table took place in Tokyo from 9 to 12 April 2019. [5] „This round of negotiations is the first after the three parties reached consensus on comprehensive acceleration negotiations. The three sides held a meeting of the chief negotiators, a consultation of the Directors-General and 13 sub-conferences on specific topics, reached a positive consensus on methods and ways to negotiate the relevant issues and clarified the working modalities for the next step. The three sides unanimously agreed to further increase the level of trade and investment liberalization, based on the consensus established in the Regional Comprehensive Economic Partnership (CEP) agreement in which the three sides participated, and to incorporate high standards in order to create an RCEP Plus Free Trade Agreement. „- fta.mofcom.gov.cn[6] It has been speculated that negotiations will accelerate on the basis of the US government`s current `trade war` with China. . . .