The Japanese government said Thursday it has
concluded negotiations with China and South Korea for a trilateral investment
accord, a prerequisite for a broader free trade agreement among the three Asian
economies.
Japan
aims to sign the investment accord with the other two countries at a summit
meeting of Japanese, Chinese and South Korean leaders, scheduled to be held in
May in China. It hopes to pass the treaty through the Diet for implementation
in 2013. The conclusion of negotiations has also paved the way for the start of
talks on the trilateral FTA. Tokyo wants to reach an agreement with Beijing and
Seoul also in May to start talks on the FTA.
Japan
and China had already finalised an investment treaty in 1989. However, the
Japan-China-South Korea investment accord includes new provisions such as the
protection of intellectual property rights and prohibition of demand for
technology transfer.
The new
accord will be advantageous to Japanese companies, as investments in China will
become easier.
"The
accord will create the first legal framework in the economic field among the
three countries--Japan, China and South Korea," said Chief Cabinet
Secretary Osamu Fujimura at a press conference Thursday.
News
Desk
The
Yomiuri Shimbun
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
No comments:
Post a Comment