We review this week’s headline news coming out of the Asian Pacific Economic Cooperation (APEC) Summit in Beijing, including the China-Korea FTA, US-China climate deal, and steps towards a FTA of the Asia Pacific. We also tell you about the new metro line opening in Taipei.
- On Monday, Chinese and South Korean leaders agreed to a “substantial conclusion” for a free trade agreement (FTA) between the two East Asian economies. The arrangement, which took 14 rounds of negotiations over two and a half years, still needs to be drafted into an actual agreement after technical consultation, and then be approved by the respective legislatures…(see here)
- In addition to the China-Korea FTA, leaders at last week’s APEC summit in Beijing also concluded a range of other agreements, understandings, and diplomatic goals. Among the headline agreements, the United States and China both agreed to cut greenhouse gas emissions for after 2020; during the ministerial meetings in Beijing ahead of the leaders’ summit the ministers agreed to a roadmap for the Free Trade Agreement of the Asia Pacific (FTAAP) proposed by China…(see here)
- Taipei’s newly completed metro route, the Songshan Line, opened for operation last Saturday, hitting ridership at around 2,130,000 on its first day of service…
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