Noda says Japan to speed trade pact with Korea and China

Japan is promising to speed up efforts to forge a trade agreement with South Korea and China, opening the prospect of a formidable union rivaling the largest regional pacts in the world, The Wall Street Journal reported Saturday.

In an interview with the Journal, Prime Minister Yoshihiko Noda said Japan wants to start negotiations on an agreement “as soon as possible.” The agreement would be called the FTA and rival the North American Free Trade Agreement and the European Union in size.

“We are pursuing high-level economic cooperation as part of our national strategy,” Noda told the Journal. “The Japan-China-Korea FTA is an extremely important piece of it.”

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