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China, Japan, and South Korea urge WTO to improve its functions

China, Japan, and South Korea urge WTO to improve its functions

China, Japan, and South Korea advocate for the need to reform the WTO and improve the work of the organization, Report informs, referring to the joint statement following the meeting of the leaders.

Chengdu, China's Sichuan province, hosted the trilateral summit with the participation of Premier Li Keqiang, Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in.

"Regarding each other's development as opportunities, we will synergize our development strategies and raise our cooperation to higher levels. To this end, the three countries will strive to realize a free, fair, non-discriminatory, transparent, predictable, and stable trade and investment environment and to keep our markets open. We reaffirm our support for the necessary reform of the World Trade Organization to improve its functions," the Chinese Foreign Ministry said in a statement posted on the website.

Moreover, Japan, China, and South Korea have agreed to speed up negotiations on a trilateral free trade agreement.

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