East Asian Nations Strengthen Trade Ties

Published on 4.2.25

  The recent trilateral meeting between Japan, South Korea, and China has underscored the importance of cooperation in the face of growing global economic fragmentation. The three countries have agreed to accelerate negotiations for a free trade agreement (FTA) that has been stalled since 2012. Japanese Foreign Minister Takeshi Iwaya met with his South Korean counterpart Cho Tae-yul and Chinese diplomat Wang Yi in Tokyo to strengthen cooperation among Japan, China, and South Korea. The talks also focused on future-oriented collaboration. Chinese official Wang Liping emphasized the need to safeguard the multilateral trading system, highlighting Beijing's efforts to improve relations with other major powers amid strained US-China relations. Japanese trade official Yasuji Komiyama noted that the international environment is constantly changing with increasing uncertainties. The trilateral cooperation aims to create a predictable trade and investment environment, which is crucial for economic growth in the region. The agreement to accelerate FTA negotiations reflects the growing recognition of the importance of regional cooperation in the face of global economic challenges. With tensions escalating globally, Japan, South Korea, and China are seeking to strengthen their ties and promote stability through multilateral agreements.

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