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China, Japan and ROK jointing efforts to expand Cooperation

China, Japan and ROK jointing efforts to expand Cooperation
 
Friday,April 20,2007 Posted: 08:29 BJT(0029 GMT)  MOFCOM

    Since Premier Wen Jiabao’s visit to both ROK (South Korea) and Japan on April 10, a new era of development among the three countries began with his message for future cooperation.

    After the end of cold war, China, Japan and South Korea went through unprecedented economic reforms and major changes, which not only revived their economic vitality, but also created a mutual development and benefit between each other.

     --common interest promoted cooperation among the three countries.

    With rising world price of oil and other energy resources, China, Japan and South Korea, as major consumers of these products, together were faced with the same problem in energy resources. Since 9/11, 2001, oil price has gone up year after year. It is obvious that oil is not merely fuel, but more importantly, an industrial raw material that of vital importance to China, Japan and South Korea.

    On aspect of environment, with the rapid development of economy, wastewater, exhaust, rubbish, land desertification, water shortage and other new environmental problems are no longer concerns of any single country, but are becoming the key decisive factor of regional economic relations, which requires China, Japan and South Korea to learn from each other’s successful experiences and work together to improve the environmental protection legal system.

    Faced with global competition, China, Japan and South Korea should set up a united Free Trade Zone as early as possible, which will formulate regulations and rules on trade and investment that can be supported by the three countries in a bid to ensure their mutual profits in economy.

    --High-level talks to consolidate regional security.

    Chinese Premier Wen Jiabao's official visit to South Korea and Japan was a great success in strengthening mutual political trust and promoting the healthy and steady development of bilateral relations. In Sino- South Korean relations, both sides have brought forward a definite intention to expand trade cooperation, promote mutual investment as well as strengthen scientific and technological cooperation, and to work hard to ensure that the Sino-South Korean trade would break the 200 bn USD target on schedule.

    Referring to the Sino-Japanese relations, China and Japan released a “Joint Press Communique” in which both sides vowed to strengthen political trust and further develop strategic cooperative relations, and to play an active role in cooperation concerning energy resources, environment, finance and information technology, which laid a solid foundation for China, Japan and South Korea to develop stable and reciprocal cooperative relations in the near future.

(Source: Chinese Version of MOFCOM)
(Translated by Network Center of MOFCOM)


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