Korea, Japan, China leaders meet over economic partnership

11 May, 2018, 04:30 | Author: Charlene Valdez
  • 039;Business Summit' focuses on free trade

Chinese Premier Li Keqiang meets with Toshihiro Nikai, secretary general of Japan's ruling Liberal Democratic Party (LDP), and Natsuo Yamaguchi, head of Komeito party, LDP's ruling coalition partner in Tokyo, Japan, on May 10, 2018.

The importance of bolstering economic interaction between the three countries was also underscored by South Korean President Moon Jae-in who stressed that such a collaboration would contribute substantially to improving the living standards of people in Japan, China and South Korea.

Li also referenced US President Donald Trump's recent protectionist rhetoric towards China, saying "we are all beneficiaries of free trade and even though various issues have emerged, these should not stand in the way..." "It does not include the Senkakus", a Japanese government official said.

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The four documents refer to the 1972 Sino-Japanese Joint Statement, the 1978 China-Japan Treaty of Peace and Friendship, the 1998 China-Japan Joint Declaration, and the 2008 joint statement on advancing strategic and mutually beneficial relations.

At a summit between Abe and Li on Wednesday, Japan and China agreed to launch a public-private council to consider specific cooperative projects related to Beijing's One Belt, One Road cross-border infrastructure initiative. They can work jointly in innovation and high-end manufacturing as well as in the financial industry, the premier noted.

They expect to take the 40th anniversary of the signing of the treaty as an opportunity to expand exchanges and cooperation between the two countries.

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Forty years ago, the older generation of leaders from China and Japan showed great farsight and strategic resolve by concluding the treaty, said Li. He said that, starting today, bilateral relations have entered the era of coordination.

Abe called on the two sides to turn competition into coordination.

More than 20 Japanese representatives attended the meeting, including former Japanese Prime Minister Yasuo Fukuda, former Speaker of the House of Representatives Yohei Kono.

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