Japan and China Agree to Strengthen Ties and Boost Economic Cooperation

On November 26, 2018, the leaders of Japan and China announced a historic agreement designed to strengthen the relationship between the two countries and boost economic cooperation. The agreement, which was signed during Chinese President Xi Jinping`s visit to Japan, marks a turning point in the often-tense relationship between the two Asian powers.

The agreement covers a wide range of issues, including trade, investment, and people-to-people exchange. One of the key highlights is the establishment of a new framework for high-level economic dialogue. This will facilitate more frequent and higher-level economic talks between the two countries, which will be important for addressing issues such as trade imbalances and market access.

Another important aspect of the agreement is the decision to accelerate negotiations on the Japan-China-Korea Free Trade Agreement (FTA). The FTA has been under negotiation for over a decade, but progress has been slow due to tensions between Japan and China. The renewed commitment to the FTA is a positive step towards greater economic integration in the region.

In addition to economic cooperation, the agreement also covers strategic and security issues. Japan and China agreed to promote communication and cooperation in areas such as maritime and cybersecurity, which will be important for maintaining stability and security in the region.

Overall, the agreement between Japan and China is an important milestone in the relationship between the two countries. It shows that both sides are committed to working together to strengthen ties and promote economic cooperation, which will be beneficial for both countries and the region as a whole.

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