South Korean and Chinese entrepreneurs and former government officials had a meeting in Seoul on Dec. 5 and agreed to support an early conclusion of the two countries’ Regional Comprehensive Economic Partnership (RCEP). The meeting was co-hosted by the Korea Chamber of Commerce and Industry and the China Center for International Economic Exchanges (CCIEE).
In their joint statement, free and open cooperation, practical and substantial cooperation, and collaboration on an equal footing were proposed as the basic directions of economic cooperation between South Korea and China. In addition, they agreed to work more closely together in various fields, including efforts for an early RCEP conclusion, service and investment negotiations for the South Korea-China FTA, efforts for intellectual property and patent protection, and environmental cooperation for higher living standards.
Former Speaker of the National Assembly Chung Sye-kyun, who represented South Korea at the meeting, said that economic cooperation between South Korea and China has been a linchpin of their bilateral relations and they still have a lot of things to do together in terms of trade, investment, new industry growth, cooperation in third countries, etc.
CCIEE Chairman Zeng Peiyan as his counterpart remarked that the Chinese government is in pursuit of high-level opening and the two countries need to further expand their economic cooperation based on continuous dialogues.