“We have to improve the idea for financial cooperation by resuming Korea-Japan-China FTA negotiations” – Queen Financial system Queen

by times news cr

2024-05-30 18:57:04

President Yoon Seok-yeol is holding the ninth Korea-China-Japan Summit with Chinese language Premier Li Chang and Japanese Prime Minister Fumio Kishida on the Blue Home guesthouse on the twenty seventh. 2024.5.27

President Yoon Seok-yeol mentioned on the twenty seventh, “The federal government and businesspeople should be part of forces to lift the extent of trilateral cooperation between Korea, China, and Japan.”

In his opening remarks on the eighth Korea-China-Japan Enterprise Summit held on the Korea Chamber of Commerce and Business in Jung-gu, Seoul this afternoon, President Yoon mentioned, “Our three international locations are massive financial blocs that account for 1 / 4 of the world’s GDP (gross home product), and have now expanded past Asia to develop into international gamers. “We’re main the economic system,” he mentioned.

President Yoon attended the occasion collectively after holding a joint press convention with Japanese Prime Minister Fumio Kishida and Chinese language Premier Li Chang on the ninth Korea-China-Japan Summit, which resumed after 4 years and 5 months.

President Yoon mentioned, “Right here right this moment, I suggest three instructions of financial cooperation that the governments and companies of the three international locations ought to pursue collectively.” He added, “First, we should revitalize regional commerce and funding based mostly on mutual respect and belief.” .

President Yoon mentioned, “We should improve the utilization of RCEP (Regional Complete Financial Partnership Settlement), a commerce and funding platform between the three international locations, and on the similar time improve the idea for financial cooperation by rapidly resuming the Korea-Japan-China FTA (Free Commerce Settlement) negotiations, which have been suspended since 2019. “He mentioned.

President Yoon defined, “Greater than something, company funding is a security web for the connection between the three international locations,” and added, “The three governments should work collectively to create a predictable and reliable enterprise atmosphere for international buyers.”

President Yoon mentioned, “The three international locations, Korea, Japan, and China should now reply collectively to international points past Northeast Asia. The local weather disaster is a standard drawback for humanity that can not be solved by way of the efforts of particular person international locations alone. The three international locations, Korea, Japan, and China, additionally declared carbon neutrality and supported the worldwide group.” “We’re taking part in responding to local weather change,” he mentioned.

President Yoon mentioned, “If our three international locations, which have strengths in carbon-free vitality corresponding to nuclear energy crops, hydrogen, and carbon seize, utilization, and storage, be part of forces, we are able to overcome the worldwide local weather disaster and result in sustainable growth.” “We sit up for the energetic participation of Korean, Japanese, and Chinese language corporations within the Zero Carbon Power Alliance launched in Korea.”

After mentioning the Korea-Africa Summit to be held subsequent month, President Yoon mentioned, “Not solely Korea, but additionally Japan and China are engaged on growth cooperation with the International South based mostly on their respective development know-how,” and added, “To comprehend human and common values.” “To this finish, our three international locations should be part of forces to maximise outcomes,” he mentioned.

President Yoon mentioned, “Via the ‘Korea, Japan, China + “He mentioned.

Prime Minister Kishida mentioned, “The three governments will try to safe a free and honest enterprise basis in order that corporations can make the most of their capabilities to the fullest.”

Prime Minister Kishida then mentioned, “We’ll intention for the joint growth of associated industries by way of energetic cooperation not solely between governments, but additionally between associated organizations and industries.”

Prime Minister Lee emphasised, “Korea, China, and Japan should develop into like-minded neighbors by way of mutual cultural connection.” On the similar time, Prime Minister Lee mentioned, “We should make good use of cultural consensus and use it as a catalyst to advertise understanding, improve belief, and strengthen cooperation to create like-minded partnerships and partnerships.”

About 240 folks attended the occasion, together with businessmen from the three international locations, together with Choi Tae-won, chairman of the Korea Chamber of Commerce and Business, Masakazu Tokura, chairman of the Federation of Japanese Financial Organizations, and Ren Hongbin, chairman of the China Worldwide Commerce Promotion Fee.

From the federal government, Minister of Commerce, Business and Power Ahn Deok-geun and Minister of International Affairs Cho Tae-yeol attended, and from the President’s Workplace, Nationwide Safety Workplace Director Jang Ho-jin, Senior Secretary to the President for Financial Affairs Park Chun-seop, and First Deputy Minister for Nationwide Safety Kim Tae-hyo attended.

Reporter Kim Jeong-hyun picture supplied by the Presidential Workplace

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2024-05-30 18:57:04

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