Saturday 14 December 2013

Japan, ASEAN agree on investment, services trade under EPA

Japan and the Association of Southeast Asian Nations largely agreed Saturday on rules to promote bilateral investment and trade in services as part of their economic partnership agreement.

Investment and trade in services had been unresolved in the EPA between Japan and 10-nation ASEAN.
Japan and ASEAN agreed to ban forcing foreign companies doing business in their economies to provide their cutting-edge technologies to local companies, through joint ventures for instance, in order to protect domestic industries.

Source: Jiji Press

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