Asian Nations Begin Free-Trade Talk

The leaders of China, South Korea, and Japan met at a trilateral summit this week to begin negotiating a free-trade pact. Combined, the nations account for almost 20% of the world’s economy. The three leaders believe that establishing a free-trade area will boost the economy for the whole region. Political trust between the nations is a major challenge the countries will have to consider in moving forward with an agreement. At the summit, the leaders also vowed to work together to reduce tensions with North Korea. Talks to confirm the free-trade area are scheduled for later this year. #WeeklyNews