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May 22, 2012 | Will East Asia Surpass the World's Largest Economy?

The leaders of China, South Korea and Japan agreed to launch talks to lay down the foundations for a trilateral free-trade agreement (FTA). ++ Together the economies currently constitute 20% of global economic output and are very likely to surpass the EU’s 28% share of total world GDP with the FTA. ++ However, tensions with North Korea pose the greatest threat to continued economic

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September 5, 2008 | Asian Free Trade Agreements Balk at WTO and US

Meeting in Singapore, 10 southeast Asian nations along with India confirmed yet another FTA that clearly indicates the waning influence of the WTO and the US in the region. ++ Many such countries, especially India, prefer small-scale bilateral agreements and FTAs. ++ It was the Asian block that called on Europe and the US to change their farm subsidy policies at Doha, which contributed to

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April 16, 2007 | Kiroku Hanai on Consolidation of US-Japanese Economic Partnership

If Japan intends to preserve its status in world trade, it must negotiate an economic partnership agreement with its biggest trading partner, the US, warns journalist Kiroku Hanai. Japan already lags behind South Korea and China in completing bilateral trade agreements and has recently shied away from free trade because of its weak agricultural sector, preferring instead multilateral negotiations

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