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China and Japan Hold the Fourth High-Level Economic Dialogue

2018/04/16

On April 16, 2018 local time, State Councilor and Foreign Minister Wang Yi and Foreign Minister Taro Kono of Japan co-chaired the fourth China-Japan High-Level Economic Dialogue in Tokyo.

Wang Yi expressed that under the general background of improvement in China-Japan relations, the high-level economic dialogue between the two countries was restarted after an eight-year hiatus. At present, bilateral economic cooperation is at a new starting point, facing new historical conditions and macro environment. Both sides should deepen communication from strategic and practical perspectives, so as to strengthen understanding, accumulate mutual trust, promote coordination and advance cooperation.

Wang Yi pointed out that this year marks the 40th anniversary of China’s reform and opening up. Under the new circumstances, China will launch a new journey of reform and opening up in the new era. China will pursue development with higher quality, constantly expand opening up, continuously improve business environment and speed up the promotion of the “Belt and Road” construction. China-Japan economic and trade cooperation is faced with new historical opportunities. Both sides should cherish the hard-won momentum of improvement and well safeguard the political foundation of bilateral relations. The two sides should adhere to mutual benefit and win-win results and common development, and commit to the realization of improvement and upgrading of bilateral economic cooperation with focus on cooperation in such fields as energy conservation, environmental protection, scientific and technological innovation, high-end manufacturing, finance, sharing economy, healthcare and elderly care. Both sides should push for outcomes of the “Belt and Road” cooperation, and make them new highlights of bilateral cooperation. Both sides should jointly push forward the process of economic integration in East Asia, speed up the negotiations on the free trade area agreement among China, Japan, and the Republic of Korea and on the Regional Comprehensive Economic Partnership, and constantly march towards the goal of building the Free Trade Area of the Asia-Pacific at an early date. Both sides should jointly oppose trade protectionism, safeguard the multilateral trade system and promote the building of an open world economy.

Taro Kono expressed that Japan-China economic cooperation serves as the important basis and driving force for bilateral relations. On the occasion of the 40th anniversary of the signing of Japan-China Treaty of Peace and Friendship, bilateral relations are faced with opportunities for comprehensive improvement and steady development. Facing new changes in economic situation of both countries and the world, Japan is willing to work with China to plan and expand bilateral economic and trade cooperation from a new perspective. Japan attaches high importance to the important messages sent by President Xi Jinping at the opening ceremony of the Boao Forum for Asia Annual Conference 2018. In face of the rising protectionism, the free trade system centered on the World Trade Organization (WTO) should be safeguarded and trade issues should be resolved in line with the WTO rules.

During the dialogue, principals of diplomatic, financial and economic departments of the two countries fully exchanged views on such topics as macroeconomic policies, bilateral economic cooperation and exchanges, third-party cooperation between both countries, economic integration in East Asia and multilateral cooperation, reaching a series of consensus.

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