Jump | Free Trial Issue
Search Quote
Home > News & Analysis

AFX News Limited
Japanese govt to propose big Asian free-trade zone
04.04.2006, 12:31 AM

TOKYO (AFX) - The government here plans to propose the formation of an Asian free-trade zone which could include half the world's population and rival the EU and NAFTA, an official of the trade ministry said.

The zone would include 16 countries: the 10 members of ASEAN, Australia, China, India, Japan, New Zealand and South Korea.

The government will propose that negotiations start in 2008 with a view to the conclusion of a pact in 2010, said Takeshi Fujimoto, who is in charge of promoting Japan's economic partnerships with other countries.

'The first reason for this is to accelerate East Asia's economic integration, which is already in the process of happening,' he said.

Trade minister Toshihiro Nikai plans to propose the idea at a governmental economic council meeting on Friday, Fujimoto said.

The proposed East Asian Economic Partnership Agreement could form a market larger than NAFTA or the EU, covering 3 bln people.

Its combined GDP would be 9.1 trln usd, one quarter of the global figure, according to 2004 data.


Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon.

1 of 1

News Headlines | More From Forbes.com | Special Reports
Subscriptions >

Free Trial Issue of Forbes Forbes Gift Subscription
Subscribe To Newsletters Subscriber Customer Service
Buy Audio Version of Forbes

Trading Center
Brought to you by the sponsors below

CEO Book Club more >
Dead Letters
Marilyn Johnson
Marilyn Johnson puts the art back in dying.
Search Books

Advanced Search |  New & Notable


SitemapHelpContact UsInvestment NewslettersForbes ConferencesForbes MagazinesForbes Autos
Ad Information   Forbes.com Wireless   RSS   Reprints/Permissions   Subscriber Services  
© 2006 Forbes.com Inc.™   All Rights Reserved   Privacy Statement   Terms, Conditions and Notices

Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P; 500 which are 2 minutes delayed.

Powered By