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