politics

China, Japan, S Korea investment deal to go into effect

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Some in China have expressed concern that the TPP would sap Japanese and South Korean interest in a trilateral deal with China and that the bloc is an attempt by the United States to exclude China from a regional trade framework.

And they see their political influence waning as a result. Well if that's what's needed to make China behave properly then let's go that way. We've all seen how China is willing to trample on its neighbours in pursuit of its own interests. Hit them where it hurts.

0 ( +3 / -3 )

The agreement will create “stable, favorable and transparent conditions for investment”, Xinhua said.

But what does that even mean? Does that mean Chinese and South Korean citizens won't be able to sue Japanese companies anymore? Somehow I'm doubtful this will affect any real or major changes in their trade relations.

0 ( +3 / -3 )

The three countries are also negotiating a trilateral free trade deal, though a breakthrough is seen to be a long way off.

The way I see it, TPP is more likely to take place than the free trade deal made by these bitter rivals. In fact, S.K and China have been using trade and market shares as a weapon to put pressures on Japan, and there is no reason to believe such policy will be modified when Abe’s new nationalist crusade is simmering on the front burner, and plus, many of their industries compete on the same international markets. For instance, Japan’s export figure in first quarter of 2014 showed further downward trend in several Japanese key markets incuding the US than that of last quarter of 2013.

So, unless geopolitics is put aside, there won’t much progress to be made by the trio beside occasional window dressing and feel-good postures.

4 ( +5 / -1 )

Business before pleasure. The TPP has a rule that says no regulations can be made on capital flow. That would allow Wall Street to creat financial disasters in Asia as well as the US and Europe. TPP should never happen.

2 ( +2 / -0 )

'Stable, favorable conditions and transparent conditions for investment...' Wow! That must be quite an agreement if it can do what all three of the three signatories' respective governments can't. Breath...don't...hold...

2 ( +2 / -0 )

Money talks!

0 ( +0 / -0 )

The three stooges, such a comedy. Love me love me not. Haven’t Japan learned anything yet?

-1 ( +0 / -1 )

The agreement will create “stable, favorable and transparent conditions for investment”, Xinhua said.

Now that is one of the funniest stories I have read in a long time, Xinhua news agency actually used the word transparent and Communist China in the same story!

Communist China's government and business dealings are as transparent as a 200 ton block of lead.

1 ( +1 / -0 )

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