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 China, Japan and South Korea free trade area will make China's GDP increased 1-3 more

Started since 1999, China, Japan and South Korea since the tripartite cooperation, establish free trade area has been the three countries to discuss important issues. The preparation process has experienced academic seminars, officials, three stage, the joint study and negotiation lasted nearly a decade.

It is predicted that China, Japan and South Korea free trade area is completed, the three will become the beneficiaries of free trade, China's GDP grew 1.1% to 2.9%, will benefit growth between 0.1% and 0.5% in Japan, South Korea benefit growth 2. 5% to 3.1%.

The trilateral cooperation secretariat secretary-general ShenFengJi said, in China, Japan and South Korea free trade area would be a population of 1.5 billion and a $5 trillion gross national product (GNP) of the common market, promoting regional economic integration, to improve the trilateral cooperation lay a solid foundation.

Currently, in Japan and South Korea in the construction of the local economy cooperation demonstration zone in shandong has achieved certain results. In 2012, according to data of shandong with Japan, South Korea achieve $52.57 billion of imports and exports, which accounted for 21.4% of the province; Japan and South Korea in the shandong direct investment amounted to $1.83 billion, accounting for 14.8% of the province.

---By Daitto Global Sourcing Service