Is free trade agreement between SoKo, Japan and Chyna a desirable milestone on that road?
BEIJING (Reuters) - China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Monday.
The comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the Asian export powers brace against U.S. President Donald Trump's tariffs.
Japan and South Korea are seeking to import semiconductor raw materials from China, and China is also interested in purchasing chip products from Japan and South Korea, the account, Yuyuan Tantian, said in a post on Weibo.
All three sides agreed to strengthen supply chain cooperation and engage in more dialogue on export controls, the post said.
During Sunday's meeting, the countries' trade ministers agreed to "closely cooperate for comprehensive and high-level" talks on a South Korea-Japan-China free trade agreement deal to promote "regional and global trade", according to a statement released after the meeting.
Net exporter nations can't really trade much with each other. Not in any way of achieving prosperity like they can by trade with a rich net importer like the US.
And the Japs don't even engage in foreign trade anymore. About 15% of their GDP, tops. Similar to us.
patrick.net
An Antidote to Corporate Media
1,349,890 comments by 15,721 users - HANrongli online now