South Korea

July 2005 | Risk Summary

The proposed trade agreement between Japan and South Korea could collapse because Japan's agricultural ministry has blocked dialogue on trade in farm and marine products, according to a South Korean official. The breakdown in talks follows a tense summit between leaders of the neighbouring countries that was largely dominated by squabbling over Tokyo's militaristic past. Although the summit was convened to co-ordinate efforts to halt North Korean nuclear proliferation, ongoing hostility could affect both regional peace and prosperity.

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