East Asian powers agree on trade pact talks




 
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East Asian powers agree on trade pact talks
 
May 13th, 2012  
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Topic: East Asian powers agree on trade pact talks


East Asian powers agree on trade pact talks
BEIJING (Reuters) - China, Japan and South Korea agreed at a summit on Sunday to launch negotiations for a three-way free trade pact they said could help fend off global economic chills, but the talks are expected to be long and difficult because of decades of rivalry. The three nations are major traders, and together accounted for 19.6 percent of global gross domestic product and 18.5 percent of exports in 2010, according to a feasibility study issued by their governments last year on the trade pact. ...




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