politics

China optimistic on FTA talks with Japan, S Korea

11 Comments

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© 2012 AFP

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The only nation that this farce will help will be the PRC. If this goes through they can push their junk into the other nations with no problem. This will flood those nation with cheap worthless goods and inturn force smaller businesses to go under.

The only businesses that will make a profit will be big businesses and everyone one else will be hurt.

Look at what has happened in the States because of NAFTA. NAFTA hurt more than it helped.

-1 ( +0 / -1 )

China does not have free market rules; its government is too intertwined with its businesses and currency and can control with whom its businesses can do business and how. Japan and South Korea should tread very carefully, or they may find their own businesses shut out on a whim.

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That is a good point basroil

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basroil Nov. 19, 2012 - 01:28PM JST

Yes, regional tensions must be retained at all costs because it benefits the US interests in the area. Of course, $100 million is a cheap price for peace and a $60 billion increase in trade. Well, it is if you are Japan and not the US, that is. Peace in Asia will not be allowed by the Americans unless it is secured by the Americans. It's as simple as that.

-2 ( +1 / -3 )

Any "free" trade with china is pointless. Until they pay back the $100 million in damages caused by government sanction "riots", they shouldn't even be allowed to bring up discussions on the topic.

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Redcliff Nov. 19, 2012 - 12:13PM JST

Perhaps a limited FTA might be a step in the right direction. It is certainly a much better alternative to the US-led TPP.

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@ taro67

"For instance why would Japan cede issues of food security to China instead of makingsure that Japanese farmers could feed the nation?"

I think Japan will first look after their farmers like any other countries that have FTA. I believe China is also tying up with Australia to sign na FTA. China will be looking more to Australian Agriculture rather than Japan to secure food supply.

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@ YuriOtani

I think you are too negative in your outlook. This development could be the start of lowing tension to the current dispute.

-3 ( +0 / -3 )

Tie your economies together even tighter and conflicts will become easier to settle.

Yes, that worked out well for the Japanese companies that require Chinese rare earths because of the 1st Senkaku Islands conflict. They have learned to diversify from that experience. In fact, it is up to each nation to seek advantages for the people represented by elected officials and public servants. The US juggernaut economy did not develop from free trade, nor did Japan's or Germany's or China's.

For instance, why would Japan cede issues of food security to China instead of making sure that Japanese farmers could feed the nation? Why give anyone else that leverage?

Free trade without a free market is a scam against the Japanese public.

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Only the rich will benefit in Japan and even more jobs will go away.

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If this actually manages to go through it would be one of the best things to happen for all countries involved. Trade is one of, if not the best way to make enemies or at least antagonists into friends.

Tie your economies together even tighter and conflicts will become easier to settle. It's a big step in the right direction.

-1 ( +1 / -2 )

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