Japan posted a trade deficit for 22 consecutive months in May with exports to China falling 17.6 percent in the first five months.
However, in recent years, some countries outside the region have deliberately exaggerated ideological differences, organized exclusive small circles, and split regional cooperation in the Asia-Pacific region in order to seek geopolitical interests.Īs the cooperation among the three countries is at a crossroads, the call for maintaining the correct direction of cooperation and cultivating strategic autonomy against coercion by hegemony is necessary and timely in terms of promoting economic and trade recovery in the post-COVID era.įor some time, the rise of protectionism and the abuse of trade restrictions by the US and other countries have seriously disrupted global supply chain cooperation and affected trade among China, Japan and South Korea.Īccording to the Korea International Trade Association, from last June to this May, South Korea's exports to China experienced negative growth for 12 consecutive months. Neighboring countries should practice open regionalism, promote inclusive Asian values, cultivate strategic autonomy, resist the Cold War mentality, and avoid coercion by hegemony.Īfter decades of development, the economic and trade cooperation among the three countries has become an important driving force for the Asian and global economies. Wang Yi, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee, noted at the forum that the three countries need to send a clear signal that trilateral cooperation will resume. Addressing the first offline event since COVID-19 epidemic, senior diplomats from the three countries expressed willingness to make joint efforts to restart trilateral cooperation mechanism and boost regional economic and social recovery. Illustration: Liu Rui/GTThe 2023 International Forum for Trilateral Cooperation, involving China, Japan, and South Korea, kicked off on Monday in East China's Qingdao.
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