>South Korea will map out its action plans on a free trade agreement (FTA) with China and Japan before the heads of state from the three Northeast Asian countries meet in May.
Based on consultations with China and Japan and the results of the joint study, we will prepare our action plans before the summit talks.
Detailed timetables, a negotiation road map and other preparations will be included in the action plans, a ministry official noted.
South Korea, China and Japan recently concluded a year-long joint study on the feasibility of an FTA with their final meeting in PyeongChang, some 180 kilometers east of Seoul.
They concluded the deal would be a “win-win-win” action that would provide a comprehensive cooperation platform for all three countries.
The three Asian countries have seen their share of global trade grow over past few decades.