Climate change in Japan of crude oil annually must reduce emissions by 15–20% of the average volume from the three years before this bylaw. Even with emissions trading or cap-and-trade, if the targeted reduction not is achieved by 2020, a penalty of up to JPY500,000 will be charged. This penalty chargeable regulation is the first in Japan. Japan created the Kyoto Protocol Target Achievement Plan to lay out the necessary measures required to meet their 6% reduction commitment under the Kyoto Protocol. It was first established as an outcome of the evaluation of the Climate Change Policy Program carried out in 2004. The main
China–Japan–South Korea Free Trade Agreement Negotiations on Free Trade Agreement (FTA) among Japan, China and the Republic of Korea was held in Tokyo, on June 17–18, 2014 before the fifth round of talks was scheduled for later that summer. The eleventh round of talks was held from January 9–11, 2017 where Trade in Goods, Trade in Services,and Investment were discussed. The twelfth round of talks will be held in Tokyo from April 10–13, 2017 China–Japan–South Korea Free Trade Agreement The China–Japan-South Korea Free Trade Agreement is a proposed free trade agreement between China, Japan and South Korea. The China-Japan-South Korea Free Trade Agreement was proposed