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Chen Deming Attends the 6th Economic and Trade Ministers’ Meeting of China, Japan and ROK

Source:www.Mofcom.cn       Updated:October 29 09:56

The 6th Economic and Trade Ministers’ Meeting of China, Japan and ROK was held in Hua Hin, Thailand on October 25. Mr. Chen Deming, Chinese Minister of Commerce, Mr. Masayuki Naoshima, Japanese Minister of Economy, Trade, and Industry, and ROK Trade Minister Kim Jong-hoon attended the meeting. The ministers of three countries reviewed the cooperation, and exchanged in-depth views on international and regional issues of common interest, such as Government-Industry-Academia joint research on China-Japan-ROK FTA, China-Japan-ROK investment agreement, action plan on business environment improvement, and promotion of WTO Doha Round negotiations. The meeting made positive and practical achievements.

Chen Deming said that this year is the 10th anniversary of China, Japan, and ROK cooperation, the successful opening of the 2nd China-Japan-ROK Leaders' meeting landed the cooperation on a higher standing. Under the current global financial crisis, it is of great importance for the three countries to make a full play of Economic and Trade Ministers’ meeting, implement the consensus reached by the leaders, enhance the cooperation in international and regional economic and trade affairs, and cope with the crisis together.

The ministers of three countries expressed their welcome and support to the success of the 2nd China-Japan-ROK Leaders’ meeting, and decided to implement the leaders’ consensus by taking follow-up measures. The three parties agree to instruct the senior government officials to start negotiation and discussion on trilateral FTA joint research by the government, industry and academia early in 2010. As a result, the first joint research meeting is to be launched before the trilateral meeting in the first half of 2010. The three parties also agree to reach a substantive consensus on the Trilateral Investment Agreement in early 2010, and continue to implement the action plan of business environment improvement to enhance further its transparency. The three parties stressed that they oppose trade protectionism in all forms, uphold fair, free and open global trading and investment system. It is hoped to reach an ambitious and balanced result to Doha Round negotiations in 2010, consistent with its mandate, based on the progress already made. The three parties affirmed that the 7th Economic and Trade Ministers’ Meeting of China, Japan and ROK will be organized by China.

The three parties issued a joint statement after the 6th Economic and Trade Ministers’ Meeting of China, Japan and ROK.

The Economic and trade Ministers’ meeting was formally launched in September, 2002, which is an important mechanism of three countries' trade and economic cooperation, and also an important channel to prepare for the trilateral leaders’ meeting and implement the leaders’ consensus in trade and economic field. The meeting is sponsored in turn by China, ROK, and Japan, and Japan is the coordinate country for this meeting.

Editor:Anna Yang