Joint Declaration on the Enhancement of Trilateral Comprehensive Cooperative Partnership among China, ROK, Japan
0 Comment(s)
Print
E-mail China.org.cn, May 14, 2012
Deepening Economic and Trade Cooperation
11. We would further strengthen the economic and trade relations and deepen the convergence of interests. We endorsed the achievements of the 9th Tripartite Economic and Trade Ministers' Meeting held in Beijing in May this year. We reiterated that we would enhance cooperation with a view to creating an attractive environment for trade and investment.
12. We welcomed the conclusion and recommendations of the Joint Study for an FTA among the three countries. Recognizing that the establishment of an FTA among China, Japan and the ROK would contribute to the economic growth and prosperity of the three countries, we hereby endorsed the recommendations from the trade ministers that the trilateral FTA negotiation would be launched within this year. And to achieve this end, the three countries should immediately start preparation work including domestic procedures and working level consultations.
13. We welcomed the signing of the Trilateral Agreement for the Promotion, Facilitation and Protection of Investment, and shared the view that the Agreement would provide a strong push to the promotion, facilitation and protection of reciprocal investment among the three countries. We concurred on completing our respective domestic procedures as soon as possible, so as to bring the Agreement into effect at the earliest date.
14. We are committed to working together to promote our regional financial cooperation to ensure stability of financial markets and pursue sustainable growth in the region. In this regard, we welcomed the substantial progress in strengthening the Chiang Mai Initiative Multilateralization (CMIM), including doubling its size, increasing the IMF de-linked portion and introducing the crisis prevention function. We also welcomed further enhancing the Asian Bond Markets Initiative (ABMI) as well as the successful start of surveillance activities of the ASEAN+3 Macroeconomic Research Office (AMRO).
15. We reaffirmed our commitment to enhancing trilateral financial cooperation. In this regard, we welcomed the enlargement of bilateral currency swap arrangements among the three countries last year, which contributed significantly to stabilizing the regional financial markets. We agreed to promote investment by the foreign reserve authorities in one another's government bonds, further strengthen our cooperation, including information-sharing, and thereby enhance the regional economic relationship among the three countries.
16. We encouraged our customs authorities to actively implement the Action Plan of the Tripartite Customs Cooperation as revised in 2011, and continue to bolster pragmatic cooperation in IPR protection, customs procedures and trade facilitation, mutual recognition of Authorized Economic Operator (AEO), customs enforcement and intelligence as well as human resource development.
17. We reaffirmed that the measures taken on the safety of products should comply with the requirements of WTO/SPS and WTO/TBT Agreements, and the measures would be taken to improve human health, animal health and phytosanitary situation and to promote the sound development of trade among the three countries.
18. We encouraged the three countries to put in place consultation and cooperation mechanisms for quality inspection and quarantine to promote and contribute to the sound development of trade.
19. We welcomed the progress made by the three countries in developing sea-land combined transportation and establishing the Northeast Asia Logistics Information Service Network, and encouraged the comprehensive advancement of sea-land combined transportation cooperation in the region and expedited expansion of the network services.
20. We stressed the importance of information and communications cooperation for social and economic development in the three countries, and expressed support for further exchanges and cooperation.
21. We encouraged and supported trilateral sub-regional cooperation among the three countries such as the Yellow Sea Rim Economic and Technological Conference, to promote the further development of economic and trade cooperation of the three countries.
Go to Forum >>0 Comment(s)