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People's Daily Online>>Foreign Affairs

Ties among Asian powers strong going forward

By Liu Jiangyong (People's Daily Overseas Edition)

15:34, November 24, 2011

Edited and translated by People's Daily Online

This year has been one of transition for Northeast Asia. The flare-up of conflict on the Korean Peninsula last year has been eased, and the tense bilateral relations between China and Japan as well as South Korea and Japan have improved. The Trilateral Cooperation Secretariat (TCS) involving South Korea, China and Japan has been established in Seoul, and pragmatic cooperation between China and Japan has been progressing smoothly.

Closer cooperation between China, Japan and South Korea is not only in the interests of the three countries but it is also beneficial to world peace and development.

China has acted as a positive promoter and equal participant in the pragmatic cooperation between China, Japan and South Korea. Chinese Premier Wen Jiabao visited Japan’s earthquake-hit areas with South Korean President Lee Myung-bak during the fourth trilateral meeting between the leaders of China, Japan and South Korea in May, which has improved the feelings of the three countries’ people toward others.

Wen put forward a vision of future cooperation when meeting with South Korean and Japanese leaders during the East Asia Summit in November. The contents of the vision include ensuring the completion of joint research on the establishment of a free trade zone between the three countries by the end of this year, initiating related negotiations in 2012 and concluding the negotiations on investment agreements as soon as possible.

It also includes conducting comprehensive joint rail and water transportation cooperation, promoting the construction of an information service network in Northeast Asia, exploring cooperation in new industries, accelerating industrial upgrades and economic structural adjustments, stepping up financial cooperation and expanding the size of currency swaps.

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