Monday, May 14, 2012

First Asian free-trade agreement expected between China, Japan and S-Korea




The three great regional countries agreed to come close and have talks about trilateral agreement for free-trade zone. If it comes true, it will really play a vital role in economic development and prosperity of region as a whole. It is not a new idea came suddenly in media; working committees were busy in this regard since 2008. After Europe, this step in Asia will open doors of opportunity for many other regional countries as well. So far it is only at theoretical level, the execution of this idea will take time.

Meanwhile when we are waiting for this agreement to occur, we should not ignore the factors which will try to sabotage this to happen. Especially when china is involved as a leading country, its rivals will try to destroy this emerging cooperative atmosphere, and as per my perception, S-Korea is much close to America than China, may be at any moment of time USA tries to force S-Korea to withdraw from signing any such agreement.

But so far it is a speculation and needs ample proof to be accepted. But no loop holes should be left for others to misuse the situation. Hope this dream will become true and the regional economy will see the prosperity in coming years.