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China, S. Korea, Japan conclude joint study on trilateral FTA

(Xinhua)

18:31, December 16, 2011

PYEONGCHANG, South Korea, Dec. 16 (Xinhua) -- Delegates from China, South Korea and Japan concluded a joint study on Free Trade Agreement (FTA) among the three countries (CJKFTA) in Pyeongchang, South Korea, on Friday.

A statement, relating to general trade and economic relations, trade in goods, trade in services, investment and other issues, was issued after the conclusion of the meeting.

The combined GDP of the three countries accounts for approximately 20 percent of the world's total, but the potential for the substantial economic integration has not to be exploited yet among the three countries, the statement said.

It also said that the trilateral FTA will not only expand bilateral and trilateral trade as well as investment with tariffs and non-tariff measures eliminated or gradually reduced, but also to provide a comprehensive and institutional framework, leading to a win-win-win situation for the three countries.

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