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Obuchi hopeful about free trade zone with S. Korea.

TOKYO, Dec. 15 Kyodo Prime Minister Keizo Obuchi met with South Korean Commerce, Industry and Energy Minister Chung Duck Koo on Wednesday and expressed hope that progress will be made at talks on establishing a bilateral free trade zone, officials said.

"I hope to see a development in wide-ranging discussions on various subjects that will bring the two economies closer together, including an agreement on a free trade zone," Obuchi was quoted as telling Chung at his official residence.

Chung said South Korea and Japan should try to reach an accord at an early date and that Seoul is making efforts to remove trade barriers against Japan, the officials said.

Japanese and South Korean business representatives are currently in discussions on creating what would be Asia's leading economic zone.
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Publication:Asian Economic News
Date:Dec 20, 1999
Words:129
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