Wednesday, April 6, 2016

Asia’s three largest economies in talks for a massive free trade agreement

This week, Asia’s three largest economies (China, South Korea, and Japan) will be holding high level talks to forge a new free trade agreement that will help spearhead competition and strength in the Asean theater.  In fact, this is the 10th round of talks between the three member states, and it comes with the potential for these long-standing adversaries to bypass political issues in favor of economic cooperation.
As of the end of 2015, China, Japan, and South Korea were globally ranked as 2, 3, and 11 respectively for their GDP, and a trade agreement between the three could easily place their coalition on par with the combined economic power of the European Union.


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