no leadership of the region, so the one which get the cooperation of Korea would dominate the leadership and power in EAEC. Now it is quite clear the movement of both China and Japan’s wooing to Korea to agree on FTA with them first. They are currently considering having a FTA among three countries and the summit meeting of the foreign affair departments has held in Jeju in Korea this month.
Summit at the ASEAN plus 3 summit meeting of Kuala Lumpur on December 14, 2005
The emergence of an East Asian Community (an East Asian trading bloc) is expected to arise from either the grouping of ASEAN +3 or the East Asia Summit also referred to as ASEAN +6
From which grouping the EAC will come from is uncertain
Japan supports the ASEAN +6 grouping while Korea and China prefer the ASEA
Korean automobiles were delayed for five years, and U.S. autos were granted broader access to the Korean market. At the same time, the negotiators agreed to set aside disagreements over U.S. beef exports for the time being. The deal was supported by Ford Motor Company, as well as the United Auto Workers, both of which had previously opposed the agreement. Remarking on the UAW's support, an Obama
What is the G-20
The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. The inaugural meeting of the G-20 took place in Berlin, on December 1516, 1999, hosted by German and Canadian finance ministers.
Mandate
The G-20 is an inf
take the initiative in diplomatic negotiations with Japan and China
-To take the advantageous position first for the next FTA with EU and Japan
-To create economic superpower and expand economic influence in the world
South Korea’s side
-The second most populous country
-One of the BRICs country
-Economy based on foreign investment
-The Tertiary industry is developing fast