On the morning of November 5, Premier Zhu Rongji, Japanese Prime Minister Koizumi and ROK President Kim Dea-jung, who were attending ASEAN-China, Japan, and ROK meeting, had breakfast together in Bandar Seri Begawan, Capital of Brunei, and held their 3rd informal meeting. The three leaders exchanged views and reached wide consensus on furthering economic and trade cooperation.

Zhu expounded on China's stance on the historical issue, stressing the need to realize the healthy development of Sino-Japanese relations on the basis of "learning from the history and facing the future."

Speaking highly of the cooperation of the three countries, Zhu said that the proposals made last year during the three-nation meeting have been implemented or are being implemented. In order to promote the development of economic and trade cooperation between the three countries, he suggested the meeting mechanism be established among economic and trade ministers and meeting held during the 10+3 leadership meeting to strengthen and coordinate cooperation. The consultative mechanism should also be set up among the quality supervision and quarantine departments to immediately spot and solve problems and promote the healthy development of the economic and trade cooperation of the three nations. Zhu also encouraged information and technological cooperation as well as personnel exchanges among the three sides so as to bring exchanges and cooperation to a new level in 2002, the proposed Year of Personnel Exchanges.

Koizumi and Kim Dae-jung agreed with Zhu's view, congratulating China on its successful hosting of the APEC Leaders' Meeting and on its impending entry to the World Trade Organization. They also gave their separate views on strengthening exchanges and cooperation between the three countries.

The three leaders agreed that promoting the three-nation cooperation in the framework of ASEAN plus China, Japan and the ROK is of significance to safeguarding peace and stability of Northeast Asia and Asia-Pacific region. They agreed to further strengthen economic and trade cooperation between the three countries. To that end, they reached common ground on establishing the meeting mechanism among the economic and trade ministers, continuing to support the meeting among the finance ministers, and setting up business forum for the entrepreneurs of the three nations to promote exchanges and cooperation among the business communities of the three countries. The leaders expressed their stances on fighting all forms of terrorism and transnational crimes, and agreed to strengthen cooperation among the public security departments. They voiced their hopes to cooperate further in the fields of environmental protection, information technology, culture, tourism and personnel exchanges so as to promote understanding and friendship between the three peoples. The three sides also vowed to promote the mechanism of diplomatic consultation.