Japan, China and South Korea have resumed talks on a free trade pact. Negotiators agreed on the need to speed up talks due to the growing sense of instability triggered by Britain's decision to leave the EU.
Officials from the three Asian neighbors began their meeting in Seoul on Monday. It's their 10th round of negotiations on the 3-way free trade deal, according to Japan's (NHK WORLD) radio News.
South Korea's Deputy Trade Minister Kim Hak-do said the Brexit vote has made the global economy less stable. He called for accelerated negotiations, so that active trade can help boost the three nations' economies.
Japan's Deputy Minister for Foreign Affairs Keiichi Katakami said the developments in Europe have spread a risk of low growth around the world.
He also said the negotiators have a duty to ensure they can report good news to their leaders when they meet at a 3-way summit in Japan later this year.
The leaders agreed last November to speed up the trade talks. But differences among the countries have slowed progress.
Japan and South Korea want to achieve a high level of trade liberalization. But China places importance on protecting its domestic industries
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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