মঙ্গলবার, ২৭ ডিসেম্বর, ২০১১

Japan, China agree to restart talks on regional FTA

BEIJING, Dec 25 (Reuters) - Japan and China have agreed to restart talks soon on a northeast Asian free trade pact that would also include South Korea, Japanese Prime Minister Yoshihiko Noda said on Sunday after talks in the Chinese capital with Premier Wen Jiabao.

'We discussed how we need to resume talks on a free trade pact among Japan, China and South Korea early next year, and we reached an agreement on that point,' Noda told reporters after his meeting with Wen.

Despite sometimes rancorous political ties between the two neighbours, Japan's economic fortunes are increasingly tied to China's economic growth and consumer demand.

China has been Japan's biggest trading partner since 2009.

In 2010, trade between the two nations grew by 22.3 percent compared to levels in 2009, reaching 26.5 trillion yen ($339.3 billion), according to the Japan External Trade Organization.

China and Japan are also the world's first and second-biggest holders of foreign reserves.

($1 = 78.1000 Japanese yen)

(Reporting by Kiyoshi Takenaka; Writing by Chris Buckley; Editing by Yoko Nishikawa) Keywords: CHINA JAPAN/KOREA

(chris.buckley@thomsonreuters.com)(+86-13501014479)

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Source: http://www.xe.com/news/2011/12/25/2368361.htm?utm_source=RSS&utm_medium=TL&utm_content=NOGEO&utm_campaign=News_RSS_Art1

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