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Japans Policy to Strengthen Economic Partnership

Source: www.meti.go.jp
Topic: Economic Policy

Sort Desciption: Japans external economic policy. -Promoting Economic Partnership Agreements with closely related. countries and regions. -Working toward the WTO new round ...

Content Inside: Japans Policy to Strengthen Economic Partnership November 2003 External economic policy challenges - Free trade and cross-border systemic deregulation - Worldwide trend toward regional integration - Domestic economic structural reform <Multi-layered approach> Essential foundation for a free trading system (144 members) Provision of multilateral trade rules through Round negotiations Strengthening of ties with selected countries and regions (e.g. APEC) - Bilateral cooperation Bilateral cooperation Moving away from dealing with individual cases of trade friction to enhance more broad-ranging ties (e.g. Japan-Singapore Japan-Mexico Japan-Korea etc.) - Regional Cooperation Regional Cooperation Japans external economic policy -Promoting Economic Partnership Agreements with closely related countries and regions -Working toward the WTO new round for establishing global rules -Promoting Economic Partnership Agreements with closely related countries and regions -Working toward the WTO new round for establishing global rules - WTO globalization globalization borderless economy borderless economy 1. Basic Structure of Japans External Economic Policy 1 NAFTA U.S.A. Canada Mexico MERCOSUR 4 countries Argentina Brazil Paraguay Uruguay FTAA (by 2005) EU-MEXICO FTA EU 15 countries AFTA Expanding to Eastern Europe Expanding to Latin America < Main Regional FTAs/EPAs > Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands Portugal Spain Sweden U.K. Indonesia Malaysia Philippines Singapore Thailand Brunei Vietnam Laos Myanmar Cambodia SAPTA Bangladesh Bhutan India Maldives Nepal Pakistan Sri Lanka ACP-EU Countries in Africa and the Caribbean (Approx. 70 countries) Japan-Singapore Economic Partnership Agreement (Nov.30 2002 Entry into Force) China - ASEAN FTA (within 10 years) Under negotiation ASEAN-10 Japan-ASEAN Comprehensive Economic Partnership Japan-Korea FTA NAFTA Population: 411 million GDP: US$ 11100 billion EU ...

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