Leaders from China, Japan, and South Korea expressed the intention to accelerate negotiations for a trilateral free trade agreement that should be 'free, fair, comprehensive, high-quality, and mutually beneficial.' The summit marked a reboot in economic cooperation among the East Asian nations.
Amidst US pressure to shift supply chains away from China, the trilateral talks signify efforts to boost economic integration in the region. The meeting signals a pivot towards enhancing trade and supply chain transparency and predictability.
China sees Japan and South Korea's deepening security ties with the US as containment efforts against China. The need for 'honest dialogues,' trust-building, and maintenance of bilateral relations was emphasized by Chinese Premier Li Qiang.
With North Korea's announcement of a new threat looming, the reaffirmation of the commitment towards a denuclearised Korean peninsula highlights the continued concerns and focus of the regional leaders.
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