Military of China, force comment.
Military of China, force comment.

yesterday, the fifth-Japan-ROK Leaders’ Meeting held in the Great Hall of the People. Chinese Premier Wen Jiabao chaired the meeting, South Korean President Lee Myung-bak, Japanese Prime Minister Noda participants. Xinhua News Agency reporter Zhang Duoshe

comprehensive Xinhua News Agency, Premier Wen Jiabao said yesterday, the fifth-Japan-ROK leaders’ meeting to obtain two important results: the three countries agreed to Japan and South Korea in the year to start FTA talks ; three countries formally signed the investment agreement, Japan and South Korea.

FTA

conducive to play the Three comparative advantage

Japan and South Korea in the fifth

The leaders’ meeting was held yesterday morning at the Great Hall of the People. Chinese Premier Wen Jiabao chaired the meeting, South Korean President Lee Myung-bak, Japanese Prime Minister Noda participants.

Wen said the establishment of Japan and South Korea free trade area is to focus on the future strategic initiatives, the industrial and commercial sectors of the three countries look forward to. The three countries agreed to during the year to start FTA negotiations, Japan and South Korea, which is a major strategic decision for the early completion of the joint efforts of the Three Free Trade Area. Early completion of negotiations and the completion of a free trade area, will have to play the three countries comparative advantage, develop new markets, promoting strong economic, sustainable and balanced growth, stimulate economic development activity in Northeast Asia.

signed investment agreements

China Initiative Demonstration Zone in Shandong to build

yesterday, the People’s Republic of China Government, the Government of Japan and the Government of the Republic of Korea to promote, facilitate and protect investment agreements signed in Beijing. Japan and South Korea to promote and protect the legal documents of the investment behavior among the three countries and institutional arrangements, and provides an important foundation for Japan and South Korea free trade area.

Wen Jiabao said, “This is an important legal document developed by the trilateral cooperation in the economic field. We are committed to conscientiously fulfill the agreement, the three countries to expand mutual investment to create a stable, fair and transparent environment to further deepen economic integration with Japan and South Korea. “

Wen Jiabao pointed out that China welcomes Japan and South Korea to expand investment in China, Japan and South Korea to become China’s major investment destinations. China proposes adjacent to Shandong, China, Japan and Korea locational advantages, the build-Japan-ROK Economic Cooperation in demonstration area, and actively consider the choice of co-operation in Japan and Korea region, the establishment of the Three Kingdoms industrial cooperation base.

Japan and South Korea investment agreement negotiations since the launch in 2007, which lasted five years. The Agreement includes a total of 27 and an Additional Protocol to include international investment agreements usually contain all the important content, including the definition of investment, the scope of MFN, national treatment, expropriation, taxation, general exceptions, dispute resolution and other terms.

■ Interpretation

Japan and South Korea free trade zone when it can be established?

free trade zone, take a long time

Institute of International Studies, Tsinghua University Professor USSR: This year the start of FTA negotiations, and does not mean free trade zone will be established soon, there will be a long time. From the exporting country’s perspective, we must hope that the importing country all the country’s export goods tariff reductions, the importing country will not necessarily meet all of the requirements of the exporting country. Japan and South Korea have some weak industries, countries do not want to because the establishment of a free trade area has a great impact on the country’s weak industries.

Japan and South Korea three countries will be on the terms set in the various industries according to their own interests to negotiate, which is a mutual process of the game. But in any case the game, create a free trade zone will have a positive impact on the countries economy.

Beijing News reporter Xing Shiwei Feng Zhonghao

FTA will impact the domestic industry?

conducive to the domestic industry further optimization

China Institute of International Studies, director of Qu Xing: Since the completion of the Free Trade Area will impact the development lag. less competitive industry, and give competitive industry to bring greater opportunities for development. For China, if they can use to establish a free trade area of ??this opportunity right behind the industry structure adjustment, eliminate backward production capacity can will be beneficial to the further optimization of the domestic industry.

At present, Japan is urgently needed industrial transfer, South Korea is eager to get rid of the constraints of small domestic market, China’s industrial upgrading also need to introduce advanced technology and make full use of external resources and markets. For the three countries since the establishment of the Free Trade Area should be said that both opportunities and challenges, but overall, the more opportunities than challenges.

the National Development and Reform Commission of Foreign Economic Research of international economic cooperation, director of Jianping: adhere to independent innovation, accelerate the pace of technological progress, cultivating China’s own brand, to create high value-added products rather than stressed that protection before China’s response to these shocks.

the impact of the situation in Northeast Asia?

will be conducive to easing the situation in Northeast Asia

China Institute of International Studies, director of Qu Xing: Japan and South Korea Free Trade Area built will ease the situation in Northeast Asia, the situation eased, reducing the impact of the contradictions.

history, Germany and France on many occasions the outbreak of war, the Coal and Steel agreement was signed, Germany and France began to move toward reconciliation and cooperation, the outbreak of armed conflict is no longer such as coal and steel resources, and jointly promote the process of European integration .

Japan and South Korea since the establishment of the Free Trade Area will help to promote the solution of the problems left by history, to strengthen cooperation on the development and utilization of resources, ease the contradiction.

According to the Xinhua News Agency power

■ focus

[China's economy]

ability to achieve development goals

Premier Wen Jiabao and South Korean President Lee Myung-bak, Japanese Prime Minister Noda yesterday attended the fourth-Japan-ROK Business Summit and delivered a speech.

Wen said this year, the world economy continues to slow recovery, but the international financial crisis is not over. Unfavorable factors of the external environment, the impact on Japan and South Korea has become increasingly prominent, the three countries’ economic downward pressure. Face of difficulties, we must strengthen confidence, deepen cooperation, strengthen economic integration, and sharpen their competitive edge.

Wen Jiabao said China’s current economic situation is generally good. We have the confidence, conditions and ability to achieve economic development goals.

[Diaoyu Islands issue]

urges Japan to properly handle relevant issues

yesterday, met with Noda, Wen said, advancing cooperation and the need for strong political mutual trust and strategic mutual trust as a guarantee. Premier Wen reiterated China’s principled stance in Xinjiang and the Diaoyu Islands issue and urged the Japanese side to respect China’s core interests and major concerns in accordance with the principles and spirit of the four political documents, practical, prudent, and properly handle relevant issues, adhere to the two countries development of relations between the right direction.

Noda said that China’s development is an opportunity for Japan and the international community. Japan attaches importance to and is committed to advancing Sino-Japanese strategic reciprocal relations, and is willing in accordance with the principles and spirit of Japan and China the four political documents with China to strengthen high-level exchanges, enhance political mutual trust, strengthen mutually beneficial cooperation and cultural exchanges.

Noda said that Japan has no intention to interfere in China’s internal affairs. Between the two countries, the Japanese side is willing to based on the overall situation, together with China to properly handle, to avoid affecting the bilateral relations.

[the situation in Northeast Asia]

efforts to prevent the situation on the Korean Peninsula upgrade

it comes to the Northeast Asian situation, Wen pointed out that the priority is to make every effort to prevent further escalation of tensions on the Korean Peninsula, the parties want to maximize the wisdom to remain calm and exercise restraint and patience, show good faith in order to ease the confrontation back on the right of dialogue and negotiation road. According to the Xinhua electricity

■ Background

total economic output accounts for the global 1/5 in Japan and South Korea with the Department of Northeast Asia, is the world’s three major economic Circle one. White Paper published by the Department of State on the 9th, Japan and South Korea cooperation (1999-2012) “in Japan and South Korea, the effectiveness of economic and trade cooperation in recent years significantly. The volume of trade among the three countries from more than 1300 billion dollars in 1999 to more than 6900 billion dollars in 2011, an increase of more than four times, China has for many years to become the largest trading partner of Japan, South Korea.

However, mutual investment between the three countries accounted for only 6% of the total foreign investment of the three countries. Geographical proximity, and apparently the three countries of the economic interoperability is still not smooth.