Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
China, Japan, S Korea vow to boost effective co-op to tackle economic crisis
+ -
11:02, December 14, 2008

 Comment  Tell A Friend
 Print Format  Save Article
Leaders of China, Japan and South Korea agreed Saturday to enhance effective cooperation in dealing with challenges amid the raging global financial crisis.

It is important to enhance regional cooperation to tackle the ongoing financial turmoil, said the Joint Statement on the International Finance and Economy issued after a meeting of Chinese Premier Wen Jiabao, Japanese Prime Minister Taro Aso and South Korean President Lee Myung-bak.

Welcome the results of the Trilateral Finance Ministers' Meeting among China, Japan and South Korea on Nov. 14 in Washington and the recent decisions on the increase in the size of the bilateral swap arrangements among the three countries, the leaders also welcomed the setting up of the Tripartite Governors' Meeting of the three central banks to be held on a regular basis.

The three leaders reiterated their commitment to working with ASEAN members to expedite the process of the Chiang Mai Intitiative Multilateralization and strengthen regional surveillance mechanism for effective monitoring on the regional economy and financial markets, the statement said.

Efforts are needed to minimize the negative impacts of the financial crisis on the global economy, to facilitate regional trade and investment and promote regional cooperation, according to the statement.

They affirmed that the three countries should play a greater role in reversing the downward trend of the world economy and return it to the path of sustainable growth.

Moreover, in order to counter protectionism, they pledged efforts to reach an ambitious, balanced and comprehensive conclusion of the Doha Development Agenda as early as possible.

The three leaders pledged to refrain from setting new barriers to investment and trade in goods and services, imposing new export restrictions, or implementing WTO inconsistent measures to stimulate exports within the next 12 months.

It is vital to promote cooperation among Asian countries not only in the financial sector but also in the real economy, they said.

They agreed that measures aimed at promoting growth and expanding domestic demand are of vital significance.

Therefore, they decided to strengthen trilateral cooperation to overcome the negative impacts of the global financial storm and achieve sustainable development in Asia.

Source: Xinhua



  Your Message:   Most Commented:
China postpones summit with EU due to French leader's planned meeting with Dalai Lama 
China lodges strong protest to France over Dalai Lama meeting
Russia, Venezuela to hold joint naval maneuvers
Foreign Ministry: China "has no choice but to react" to French leader's Dalai Lama meeting
FM: China's defense building poses no threat to any nation 

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90883/6553006.pdf