After seven years (2002-2009), academic research and a year and a half (May 2010, December) -2011 Joint Research in Japan and South Korea decided to start FTA talks this year. Japan and South Korea as the three major powers of East Asia, GDP total accounted for 20% of global GDP, accounting for 90% of the GDP in East Asia, but the volume of trade between the three countries accounted for only less than 20% of total foreign trade in the three countries, set up in Japan and South Korea FTA progressive realization of goods, persons and free movement of capital, promote the countries industrial restructuring and economic development.
 
Concern, market participants had yesterday questioned in Japan and South Korea FTA negotiations progress whether on the territorial issue, Japan and South Korea has tense relations offensive this, the Japanese economy relative to Yukio Edano, the 21st in the cabinet the press conference after the meeting made it clear that the FTA will be negotiations and territorial disputes distinction.
 
"There will be the third consultation
 
It is understood that, Chinese Assistant Minister of Commerce Yu Jianhua, Japan climate ambassador, Shinichi the incumbent Foreign deliberations officer Nishinomiya, South Korean Minister of Foreign Affairs and Trade Vice Minister Cui Jinglin rate delegations of Japan and South Korea attended the meeting.
 
"I hope that this informal meeting, the three parties through plenty of discussion, to be a great success." Yu Jianhua said the Xinhua News Agency reporters.
 
Yu Jianhua, there are some problems need the consensus of the three parties, if what matters need to be resolved prior to the official launch of negotiations, what matters is the start of the negotiations to solve what results? During the preparation phase, the tripartite expectations, whether you want to reach Memorandum of Understanding as well as several consultations the real purpose of the meeting.
 
Yu Jianhua said in an interview with Xinhua News Agency reporter, in May this year, the leaders of the three countries to start FTA negotiations, the three countries reached consensus on this year. Currently, the parties to the staff is doing a good preparatory work before the negotiations, in particular, how to start negotiations, the mode of negotiations and negotiations are mainly covered aspects of some of the issues discussed.
 
The first consultative meeting in Japan and South Korea FTA negotiations was held in Tokyo, Japan, in June of this year. Yu Jianhua said, the tripartite plan will also have the third consultative meeting to further discuss the problems left over from the second consultation meeting.
It is not clear where the specific differences between the three countries is that.



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