Trade ministers from China, Japan and South Korea announced Tuesday the launch of the FTA talks on the occasion of 21st Summit and Related Summits.
China and South Korea pledged on Monday to speed up their Free Trade Area (FTA) negotiations.
It is unlikely that a free trade agreement between China and South Korea will be signed within two years, due to disagreements over key sectors.
A free-trade agreement between China and Japan will boost relations and benefit both countries, a former trade official said.
Sino-Chilean trade is expected to hit $35 billion this year, boosted by China's increasing imports and a comprehensive free trade agreement.
China, Japan, ROK to start FTA talks this year
Sino-Chilean trade is expected to hit $35 billion this year, boosted by China's increasing imports and a comprehensive free trade agreement between the two countries.
As the WTO framework failed to reach a compromise, bilateral and multilateral agreements began to replace it as the main platform for regional cooperation.
Qingdao is planning a region as a springboard for trilateral economic cooperation, paving the way for formal negotiations on a free trade agreement among China, Japan and South Korea.
Qingdao is planning a region that will act as a springboard for trilateral economic cooperation.
Talks on a free trade agreement involving China, Japan and South Korea are expected to start in November during the East Asia Summit, a source from the Ministry of Commerce said.
The China-Australia free trade agreement is expected to be signed this year, which will create benefits for both countries, said Kevin Rudd, a member of Australia's parliament.
Japan is becoming increasingly "eager" to join a free trade agreement with China and South Korea, said the Ministry of Commerce.
Taking advantage of an expected China-Japan-South Korea free trade agreement, Tokyo has vowed to boost exports to China.
A trilateral free trade agreement among China, Japan and the Republic of Korea will have a "positive impact" on the participants.
President Hu Jintao met with Republic of Korea (ROK) President Lee Myung-bak and Japanese Prime Minister Yoshihiko Noda on Monday morning.
Close neighbors as they are, China, Japan and the Republic of Korea have no reason to seek far and wide for what lies close at hand.
Chinese Premier Wen Jiabao said on Sunday that China, Japan and the Republic of Korea have agreed to launch talks on a free trade area this year. It is a significant step, which will both promote trade and advance friendly trilateral cooperation.
The leaders of China, Japan and the Republic of Korea announced Sunday that talks focusing on a free-trade agreement would be launched within the year.
Chinese Premier Wen Jiabao called for closer "pragmatic" cooperation between China, Japan and the Republic of Korea (ROK).
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