China, Japan, South Korea Kick Off 12th Round of Free Trade Talks
Yicai Global
/SOURCE : Yicai
China, Japan, South Korea Kick Off 12th Round of Free Trade Talks

(Yicai Global) April 13 -- The 12th round of free trade negotiations between China, Japan and South Korea was held in Tokyo this week, with participants exchanging opinions on the promotion of goods and services trade, investment and other matters.

The talks, which began on Monday, were preceded by a succession of meetings between work groups for trade in services, telecommunications, finance, investment, intellectual property and e-commerce, China's state-run news agency People's Daily reported. The meetings also involved

Wang Shouwen, China's vice commerce minister headed the Chinese delegation, while Keiichi Onchi, Japan's deputy foreign minister and Lee Sang Jin, assistant minister of the Korean Ministry of Trade, Industry and Energy led their country's delegations.

Free trade talks between the trio began in November 2012, with an ultimate aim to draw up a comprehensive free trade agreement.

Tension between China and South Korea has been rising as of late, after the latter allowed the US to deploy an anti-missile defense system there. China responded by discouraging travelers from heading to South Korea, and boycotting companies from the country. The move has since come back to bite them after South Korean companies' employees and suppliers in China began to struggle with declining income.

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Keywords: China , Japan , South Korea , FREE TRADE