South Korea, China And Japan Seek Trilateral FTA

South Korea, which has been seeking an economic integration of the Northeast Asian countries, is to conduct a study on the feasibility of a trilateral Free Trade Agreement (FTA) involving it, China and Japan.

According to China's Xin Hua news agency, South Korea's foreign ministry has prepared a report that recommends launching of a joint study, in which government officials, scholars and business representatives of the three countries will participate.

Separately, Seoul will also continue efforts to sign separate bilateral trade agreements with China and Japan, the report says.

The Asian economic giant currently has FTAs with Chile, Singapore, the European Free Trade Association, the Association of Southeast Asian Nations (ASEAN), and the European Union.

An FTA between South Korea and the United States is pending approval by the parliaments of both countries.

Seoul has a Comprehensive Economic Partnership Agreement (CEPA) with New Delhi and is seeking trade deals with Australia, Canada and Mexico.

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