NEW DELHI – Japan is determined to help promote global economic growth by reviving its own economy through “Abenomics,” the aggressive economic policy mix of Prime Minister Shinzo Abe, Foreign Minister Fumio Kishida said.
Liberalizing trade and investment, and facilitating economic alliances with other countries and regions are pillars of Japan’s growth strategy, Kishida said Monday in a speech at a meeting in New Delhi of foreign ministers of the Asia-Europe Meeting, or ASEM, forum.
Japan will keep cooperating with countries concerned toward early conclusions of Trans-Pacific Partnership free trade negotiations and Regional Comprehensive Economic Partnership talks so that these economic alliances will help accelerate global economic growth, he said.
Japan, the United States and 10 other countries involved in the TPP negotiations are aiming to conclude the talks by the end of this year.
The RCEP free trade negotiations are being held among 16 Asia-Pacific nations, including Japan, China, South Korea and the 10 member states of the Association of Southeast Asian Nations. They are hoping to wrap up the talks by the end of 2015.