Motoki Ono
In the internationalization world, one of our interesting subjects is how to stand in advantageous position. According to Ann news, Japanese and Korean farmers held a symposium about the trade. One participant said "Korea is thinking FTA more seriously more than Japan. I have to do something after going back Japan"
FTA is initials of Free Trade Agreement. Asian countries are being faced with decision about whether conclude or not FTA. Differing from EU, Asian each country has a original tax rate. And the tax rate influences the country's trade. There are advantage and disadvantage. Japanese government need to conclude the agreement evaluating the gain and loss.
According to September 15th Yahoo News, the Secretary of the Treasury in the US said "if we don't conclude FTA, the other country's company will deprive our market. in Korea." From this news, not only Asian country but also the US think FTA is important to do business in foreign countries.
According to October 2th Nikkei newspaper, Korea which is competing with Japan finished to conclude FTA with EU in July. EU decreased the tax of Korean goods of export and Japan stands relatively disadvantage position. Further Japanese trading problem is not only tax but also strict restriction against import. Nikkei news expect EU understand Japan is impatient about FTA therefore they will not negotiate until Japan decide specific suggestions.
In my view, Japan has to conclude FTA with more countries as soon as possible because Japan is in severe position due to too strong YEN. Therefore Japan needs to improve the situation by using agreements even considering with handicap negotiations.
What do you think?
In the internationalization world, one of our interesting subjects is how to stand in advantageous position. According to Ann news, Japanese and Korean farmers held a symposium about the trade. One participant said "Korea is thinking FTA more seriously more than Japan. I have to do something after going back Japan"
FTA is initials of Free Trade Agreement. Asian countries are being faced with decision about whether conclude or not FTA. Differing from EU, Asian each country has a original tax rate. And the tax rate influences the country's trade. There are advantage and disadvantage. Japanese government need to conclude the agreement evaluating the gain and loss.
According to September 15th Yahoo News, the Secretary of the Treasury in the US said "if we don't conclude FTA, the other country's company will deprive our market. in Korea." From this news, not only Asian country but also the US think FTA is important to do business in foreign countries.
According to October 2th Nikkei newspaper, Korea which is competing with Japan finished to conclude FTA with EU in July. EU decreased the tax of Korean goods of export and Japan stands relatively disadvantage position. Further Japanese trading problem is not only tax but also strict restriction against import. Nikkei news expect EU understand Japan is impatient about FTA therefore they will not negotiate until Japan decide specific suggestions.
In my view, Japan has to conclude FTA with more countries as soon as possible because Japan is in severe position due to too strong YEN. Therefore Japan needs to improve the situation by using agreements even considering with handicap negotiations.
What do you think?
Hello :)
ReplyDeleteWell, I think we do need competent specialist of trading in Japan. It`s important to move on to new style (free trading)but I think there must be some disadvantage about it. So we have to be cautious anyway.
Asami Okumura
I agree with your statement now.
ReplyDeleteI also studied about FTA in internet, but I couldn't find any disadvantage.
Then we have to think about the problem with inquiring into the disadvantage.
Thinking of the foreign relations are difficult for me so I want to close Japan (SAKOKU) hahaha.
Hoh,
Motoki,
ReplyDeleteYou have described and analysed the situation very well. Now I can see how crucial free trade is to the economic health of Japan.
However, I don't quite get two things in this paragraph you wrote:
"EU decreased the tax of Korean goods of export and Japan stands relatively disadvantage position. Further Japanese trading problem is not only tax but also strict restriction against import. Nikkei news expect EU understand Japan is impatient about FTA therefore they will not negotiate until Japan decide specific suggestions."
About the tax on Korean goods - does that mean the goods that EU exports to Korea?
And, what do you mean by impatient? Is Japan in a hurry for free trade with EU?
Please explain on the blog or in a comment to this blog.
Ms. MacGregor
To Ms. MacGregor
ReplyDeletethe goods mean that Korea to EU. So EU people can more easily buy Korean products than Japanese products because of low tarrif rates compareing with Japanese products. And todays strong yen make the Japanese products difficult situation to sell in foreign countries.
Therefore Japanese government is hurry to contract free trade tax. But comparing with the industrial products, aguricultural products is not competitive in japan and foreign countries. So if the free trade agreements are contracted, a lot of cheap foreign agricutural goods are imported and it is difficult for Japanese farmers to keep their job.
Therefore there is gap of the atitude for free trade between industrial and agriculture world, I think.
Motoki
Now I understand - thanks Motoki. And I totally agree that farmers will suffer the most from free trade UNLESS Japanese people decide that they will buy MADE IN JAPAN products. I won't buy imported rice, that's for sure!
ReplyDeleteMs. MacGregor