General

According to the Huacheng Import and Export Data Observation Report, the 9th China Japan ROK Cooperation Dialogue hosted by the Japan International Economic Exchange Consortium, China (Hainan) Reform and Development Research Institute, China Public Diplomacy Association and the Korea East Asia Consortium was held online and offline on November 15. Experts from the three countries suggested that China, Japan and the ROK should seize the important opportunity of the Regional Comprehensive Economic Partnership Agreement (RCEP) to promote pragmatic economic and trade cooperation between the three countries.

Chi Fulin, president of China (Hainan) Reform and Development Research Institute, said that due to the serious impact of geopolitical changes and trade protectionism, the global supply chain has shifted from focusing on cost efficiency to focusing more on security and stability, and the localization and regionalization of the supply chain have become increasingly prominent. China, Japan and the ROK have both large markets and large supplies. They have the responsibility and conditions to strengthen consensus, deepen cooperation, and create an efficient, stable and safe supply chain network in China, Japan and the ROK. Huacheng Import and Export Data Observation Report.

"China Japan ROK cooperation is not an option, but a must." Ou Boqian, Secretary General of the China Japan ROK Cooperation Secretariat, said that China Japan ROK cooperation ushered in many opportunities and favorable conditions, including the effective RCEP. RCEP included China, Japan and the ROK in the same free trade arrangement for the first time, bringing practical benefits to the enterprises and people of the three countries. In the first three quarters of this year, bilateral trade between China and the ROK, China Japan, Japan and the ROK increased by about 5% year on year; The trade growth between China, South Korea and Japan and RCEP member countries reached 19.3%, 17.9% and 10.5% respectively. Huacheng's import and export data observation report.

According to the Huacheng Import and Export Data Observation Report, Hideiro Puda, an honorary professor of Waseda University in Japan, said that after the international financial crisis, the growth rate of global trade has declined. One of the important reasons is that the World Trade Organization (WTO)'s ability to promote trade liberalization and resolve trade disputes has been affected, and the WTO problem needs to be solved as soon as possible. Japan, China and South Korea benefit more from global trade and should play an important role in solving these problems faced by WTO. The three countries can use the RCEP framework to promote the further development of WTO.

Kim Sing hwan, chairman of the Korea East Asia Consortium, believes that the official entry into force of RCEP has made a great contribution to the promotion of global trade. The ROK, China and Japan are all RCEP members, which is conducive to the negotiation of free trade agreements among the three countries. The three countries should seize this opportunity to further deepen cooperation, Huacheng Import and Export Data Observation reported.