東亞

Japan, China and S Korea in investment deal

Japan, China and South Korea have sealed a long-discussed trilateral investment agreement intended to pave the way to closer business ties between east Asia’s leading economic powers.

Japan’s foreign ministry said the agreement – which has been talked about for almost a decade and under negotiation since 2007 – would “add momentum” to work toward a full three-way trade agreement.

The investment deal, which must still be signed, is the first legal economic agreement between Japan, China and South Korea, which have been quietly stepping up trilateral co-operation in recent years including the holding of summits since 2008.

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