tri-party fta? my second question is about china's position and the ttp initiative. do you foresee the possibility that china will some day join the ttp? thank you. >> translator: let me first talk about china, japan and korea and then ttp. >> translator: we all know china, japan, korea and other countries in east asia share many discussions on developing this region into a greater degree of integration and china, japan and korea have respectively agreed with the countries over the three ftas. their over fta and then we will accelerate the entire process of economic integration in east asia. therefore, i think this discussion can be very important. as you rightly mentioned, according to my information, the investment protection agreement negotiation between the three countries will be concluded shortly. the china-korea -- china-korea-japan fta was also concluded recently and when recently the president lee visited china, he forced a consensus with the chinese leader that the korean side will launch

so if the fta lowers tariffs by 2% to 3%. south korean goods will be able to compete that much more than their asian rivals in the u.s. market. >> reporter: meanwhile the fta will likely deal a heavy blow to south korea's agriculture second torque-cattle farmers will likely suffer a huge loss. the big challenge is how to support south korean farmers as the economic situation continues to be difficult. >> translator: the south korean government plans to offer subsidies to vulnerable agriculture sectors. the aim is to cover losses due to more u.s. imports. the question is whether such stains can make south korea's agriculture competitive globally in the long-term. another issue is whether soit korea can transform its farming industry to an export oriented one with a wide range of products rather than depending on rice or grains. more discussion is needed to resolve these questions. >> reporter: but kim is not too optimistic about the benefits that the fta could bring to south korea. >> translator: the global economic climate in

south korea says it expects the fta will boost the gross domestic product. the south korea president, lee myung-bak speaks about it. >> it will have a positive impact. >> a special sale on thursday launching the fta. it offered u.s. wines at prices at 30% cheaper than before. about 1,000 organizers gathered in seoul on wednesday to demand a halt to the trade deal. opposition to the fta continues in south korea due to possible damage of sales of domestic farm products. the united states and south korea held a press day to show case their joint military exercises to the media. the aim of the drills is to consequen convince north korea not to aid in further military provocation. the exercise is named "full eagle" and opened to the public on thursday. 100 south korean and 200 u.s. troops took part in a 90-minute drill. it took part in firing howitz howitzers. >> it is to deploy to korea and combine with the counterparts that we are united and we can fight together and we will fight and we will win. >> north korea has been refusing to hold dialogue with the south

do you see the possibility we will see a bilateral fta? my second question is about the ttp initiative. do you foresee the possibility that china will join? >> let me first talk about china, japan, korea, and then ttp. >> we all know china, japan, korea, and other countries in the east of asia share many discussions on developing this region into a greater degree of immigration, and we have respectively agreed over the separate fta's. if the three countries can have their on -- own, we will accelerate. i think this discussion can be very important. according to my information, the investment protection agreement negotiation between the three countries will be concluded shortly. but china--- the triad-japan- korea -- china-japan-korea fta was completed recently. a consensus was forced that the caribbean side will launch an internal -- caribbean side will launch internal procedures, and when those are completed the bilateral negotiations can take off. we hope that sometime later this year we will be able to officially launch the negotiations

thursday marking the launch of the fta. it offered u.s. wines at prices about 30% cheaper than before. about 1,000 members of agricultural organizations gathered in seoul on wednesday to demand a halt to the launch of the trade deal. opposition to the fda continues in south korea due to concerns over possible damage to sales of domestic foreign products. >>> the aim of the drills is to convince north korea not to engage in further military prop indication amid-rising tension on the korean peninsula. the exercise named full eagle was open to the media on thursday near the military border with north korea. 100 south korean and 200 u.s. troops took part in a 19-minute dril. the exercise included firing of self-propelled how iter ises. >> the purpose of this is to deploy to korea from the united states and to combine with our korean counterparts and to show the north koreans that we are united and that we can fight together and we will fight and we will win. >> north korea has been refusing to hold dialogue with the south. the

negotiations with japan and korea for the china, korea, japan fta? thank you. >> translator: minister chen, you are -- you can decide on how many questions you want to answer. maybe they will come up again from another journalist. so i will just answer the first few questions. actually, the first question is in two halves. first regarding the measures and second regarding the cost of logistics. i have a correction. home appliances into the countryside scheme is not phased out and will be continued over the course of this year. and 30 provinces, about ten of them have intention of phasing out this scheme. but rest will continue. and this scheme for stimulating domestic consumption has resulted in sales of about 20 mi million home appliances, about 15 million worth of goods. and the tradeup scheme, old for new, by the end of last year was discontinued. and that policy also created about $90 million in sales and about $34 million in sales value. so for this year, for stimulating consumption, we continue to implement the home appliances into the countrys

with the number of fta's, it's important to point out and i can understand why it's confusing. we are a tiny, you're going to see some big agencies as you go through agencies. we're a tiny agency by washington standards. the number of fts is 1175. so we're only asking for ten additional ftes. and if there's one thing that had to go first, although i would hate for it to happen. this technology is how we keep up with the bad guys and how we do our mergers and our anti-trust work. it's either 49 or 59 is back filling. we have already back filled most of those, i think we're operating at about 1155 ftes out of 1176 right now. >> i think each of these projects is probably worthwhile, but not now, that's the problem. the problem is one of austerity. we are operating under -- in a period of real austerity at the present time. that said, can we handsome of this stuff off to the states? the chairman has for example talked about identity theft being a real problem in south florida, and i agree with that. but that is a quintessential theft, it's handled by state -- best handled by state

talking about right now seeks to save $1.8 billion in 2013 and $12.9 billion over the period of the fta. so my thinking here when you calculate this, it's my understanding that the enrollment fees are going to be increased depending on what rank you are similar between 94% and 345%. i had sent the -- some stuff in for the record when the army was in here. the administration official said that one goal of the increased fees is to force military retirees to reduce their involvement in tricare and eventually opt out of the program in favor of alternatives established by the 2010 patients -- obamacare. you want to about this? you think that's somebody's goal here? >> well, i will comment about what we have requested in the budget. as you correctly pointed out, healthcare costs are going up dramatically. personally they're the fastest growing cost of our budget and something had to be done to get that under control. the item that's been recommended in terms of tricare is that for working-age retirees from the military that their premiums for tricare do go up because in most cases they have a

once the fta was convinced not only could they build it but they could operate the trains, they've got to recommend -- they had money to build it, it was on their not recommended list. they shortened the line, the initial phase of it, and they got a tax by, passed, two-thirds majority by a couple thousand votes back in last november. and the fed said, okay, you're in. >> gary, it goes not only into the heart of downtown san jose at this point, but it's still a possibility? >> yes. it will go to east san jose. near the highway 101 interchange, six miles short of where it eventually wants to go downtown. that's a $4 billion second part. thief about $2 billion of that. they're looking for money. but it's going to be tougher to come by. will the state commit money to high-speed rail versus bart? >> with it stopping there, is it going to become a train to nowhere? >> they're going to have express buss running there to downtown. and the federal government actually has a loan program where if you can be convinced -- if they can be convinced that you've got money to eventually build it, they c

the fta finally takes effect on thursday, beccy. >>> we're seeing gains, too, on the european trading day so far. this is the market overall across europe and it's up by about three-quarters of a percent. we're seeing just off the highs of the session and right across the region as well. the ftse 100 is managing to be half of a percent. the cac up by two-thirds of a percent. i should add that to put it in context four straight days of gains so the dax up 0.4%, add to go that the fifth straight day of gains on the equity market. so that's what's happening with equities. let's talk about what's going on elsewhere. in the currency market, the euro dollar at 1.3131. dipping against the dollar. a look at the yen rate, we should consider that as chloe just pointed out we have decision for the boj earlier. no surprise. the boj has already surprised recently with a bit more easing. waiting for the results of that to trickle through but we did get some announcements from the boj that they are expanding to growth industries and by about 2 trillion yen. a wait and see for what the boj will do. d

the project had to be slice need pieces when the fta said no to funding the full extension into downtown san jose. >> instead of looking at the entire project, we chunked it out in small chunks so we go from warm springs to berryessa and just worry about that segment records the rest of the way into downtown six miles and another $3 billion remains uncertain. >> it will be tough. it was tough to get this far. >> reporter: groundbreaking for the first extension, the 10 miles from fremont to berryessa in san jose, will happen sometime next month. it will be under construction for about four years with test trains running by late 2016. and commuters and people riding bart by 2017. reporting live in san jose, len ramirez, cbs 5. >>> well, the state isn't making as much money as governor brown hoped. new numbers show february revenues fell about $146 million short of what he had budgeted for. >> well, we try to make the best judgment we can. but we live in a global economy in the american economy. it's not like counting peas in a pod. we do our best and if we have more, we probably spend t if

and accordingly, in order to ensure the faithful implementation of the core fta, we will establish anntry-level committee that we agreed and check upon the progress. president obama and i also exchanged views on the state of the global economy and shared our concern regarding the uncertainties that still remain. in particular, we share the concern that rising oil prices is an obstacle to speedy recovery of the global economy and agree that international cooperation needed to be further strengthened to bring about stability in the world oil market. and of course, we also talked about regional issues, issues in the middle east, afghanistan and other issues, including iran, and how we can strengthen international cooperation to bring about a resolution to these issues. i welcome president obama once again on his visit. the nuclear security summit was president obama's initiative, borne out of his vision to leave behind a safer, more prosperous world for the future generation, and we will continue to strive together to achieve a world without nuclear weapons. i thank him and his team for

. >> what's been interesting about -- and i am glad we, you know, in the last two days, nea fta, both union in florida put out a strong statement yesterday about not only needing to get to the bottom line of the investigation, but also the larger question of how in our society we make sure there is deep respect and understanding for all of our people. and, you know, so teachers arehave been talking about this, and, you know, you have these amazing conversations with people about what the effect of racial profileing is. and, you know, and that's what we have to really combat. so i hope that the department of justice does the investigation they must do but the our role as schoolteachers around the country is to keep our children safe and to start teaching. we do it all the time. >> right. >> the dominant -- what should have happen in schools is we should actually stop with the test fixation and start with a learning and a teaching and an understanding fixation. >> that's what our schools should be about. >> that's why we have common public schools. but it is -- it's been it's not just a