Japan and South Korea reached a trilateral investment agreement is expected this year

 According to Japan and South Korea investment agreement negotiations began in March 2007 from this year will be held March 13 th negotiations. Chinese Premier Wen Jiabao, Japanese Prime Minister Naoto Kan and South Korean President Lee Myung-bak talks will be held in May, hopes the three countries reached a basic consensus in advance, to make the investment agreement entered into force in 2012. Investment agreements mainly on how to handle disputes between investors and countries and to provide for protection of intellectual property issues, while the free trade agreement through the reduction of tariff barriers and simplifying customs procedures in order to achieve a wide range of liberalization.

contrast, the lower the threshold of investment agreements signed, which is on trilateral investment agreement signed by China and South Korea for the first time. Three had already signed bilateral investment agreements. However, Japan does not provide investment agreements on how to protect intellectual property, products and technologies of Japanese companies hurt, can not be sued under Chinese law. The new trilateral investment agreement signed by the provisions of intellectual property protection, dispute settlement can be submitted to international organizations.

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It is understood that Japan and South Korea signed three Multilateral Investment Agreement, in part because strong demand of Japanese companies. It is worth mentioning that last year China and Japan and South Korea since the cold relations between the two sides of the political and economic relations have been significantly affected, such as a smooth sign a three-year investment agreement, means that the normalization of relations between the three countries a major step forward .