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MOOC: Trade and policy: international tensions influencing businesses
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Japan was one of the first countries to negotiate bilateral FTAs
Regionalization refers to increased trade and cross-border production chains within a region
EPA is an abbreviation for Export Priority Agreement
Plurilateral trade agreements comprise all WTO members
Japan has negotiated on bilateral EPAs e.g. with Singapore, South Korea, and Thailand
Special Economic Zones (SEZ) help countries increase exports and imports
An FTA is a state-level agreement to liberalize trade
China is the world’s 2nd largest exporter in 2023
China’s GDP surpassed Japan’s GDP around 2009-2010
1. Japan and China were the world’s wealthiest/largest economies around year 1900