Japan welcomes the entry of Korea and Indonesia in the TPP

Japan welcomes the entry of Korea and Indonesia in the TPP

Joining the TRANS-Pacific partnership, South Korea and Indonesia must adopt new rules, said on a speech in Tokyo, Prime Minister Shinzo Abe.

TOKYO, 6 Nov. Ksenia Naka. Japan is ready to welcome the entry of South Korea and Indonesia in the TRANS-Pacific partnership, provided that these countries will abide by the rules of the organization, this was stated on Friday by Prime Minister Shinzo Abe, speaking in Tokyo.

“We welcome this if (they — ed.) will be created new rules”, — quotes the words of Abe Agency Kyodo.

At the meeting, Prime Minister Abe and South Korean President Park Geun-Hye earlier this week in Seoul the past expressed interest in joining her country in the TTP. Abe, for his part, expressed a desire to provide this support.

The TPP agreement was concluded on 5 October. It will created a free trade area in the Asia-Pacific region. The Pacific countries account for 40% of the world economy and a third of world trade. The parties to the agreement: USA, Canada, Mexico in North America, Peru and Chile — in the South, Japan, Malaysia, Brunei, Singapore and Vietnam in Asia as well as Australia and New Zealand.