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PH eyes 3 deals with South Korea in Duterte-Moon meeting @ 2019-11-24T16: Back Hot News
Keyword:South Korea
Concept:
IN A WIDE-RANGING DISCUSSION ON REGIONAL AND INTERNATIONAL ISSUES, PM LEE WELCOMED MR MOON"S EFFORTS TO IMPLEMENT HIS NEW SOUTHERN POLICY, WHICH AIMS TO DEEPEN SOUTH KOREA"S STRATEGIC TIES WITH SOUTH-EAST ASIA. "THE NEW SOUTHERN POLICY FITS IN VERY CLOSELY WITH ASEAN"S DESIRE TO DEEPEN AND ENHANCE ITS STRATEGIC PARTNERSHIP WITH THE ROK," SAID PM LEE.
MR LEE NOTED THAT IN A GLOBALISED AND INTEGRATED WORLD, COUNTRIES COOPERATE EXTENSIVELY WITH ONE ANOTHER THROUGH TRADE AGREEMENTS, SUCH AS THE NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) IN THE AMERICAS AND THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) BETWEEN ASEAN AND CHINA, JAPAN, SOUTH KOREA, AUSTRALIA AND NEW ZEALAND.
JAPAN WAS CONSIDERING WITHDRAWING ITS JULY DECISION TO REMOVE SOUTH KOREA FROM ITS LIST OF MOST TRUSTED TRADING PARTNERS CITING SECURITY REASONS. AT THE TIME OF THE ANNOUNCEMENT, JAPAN CLAIMED ITS DECISION WAS DUE TO WORRIES THAT CORE INDUSTRIAL MATERIALS EXPORTED TO SOUTH KOREA WERE USED BY NORTH KOREA FOR DEVELOPMENT OF ITS MISSILE TECHNOLOGIES.
EARLIER IN THE MORNING, PM LEE HAD ALSO CALLED FOR THE DEEPENING OF COOPERATION BETWEEN ASEAN AND ITS PLUS THREE PARTNERS - CHINA, JAPAN AND SOUTH KOREA - TO STRENGTHEN THE REGION"S ABILITY TO RESPOND TO ANY RECESSION OR FINANCIAL CRISIS.
TURNING TO POLITICAL COOPERATION, PM LEE NOTED THAT WHILE STEADY PROGRESS HAS BEEN MADE ON NEGOTIATING A CODE OF CONDUCT (COC) FOR THE SOUTH CHINA SEA, ALL PARTIES HAD TO "EXERCISE SELF-RESTRAINT AND AVOID MISHAPS AND MISCALCULATIONS THAT COULD RESULT IN MANY UNINTENDED CONSEQUENCES". HE EXPRESSED HOPE THAT ONGOING ISSUES LIKE THE SITUATION IN MYANMAR"S RAKHINE STATE, THE KOREAN PENINSULA AND HONG KONG WILL BE RESOLVED WITH SUPPORT FROM ASEAN AND ITS PARTNERS.
JAPANESE PRIME MINISTER SHINZO ABE, RIGHT, AND HIS SOUTH KOREAN COUNTERPART LEE NAK-YON IN TOKYO ON THURSDAY. PHOTO: KYODO
THERE MIGHT BE A SURPRISE AT THE BANGKOK SUMMIT IF THE LEADERS OF JAPAN AND SOUTH KOREA DECIDE TO MEET TO MEND FENCES. BOTH COUNTRIES HAVE INDICATED THAT THEY WANT TO IMPROVE THEIR RELATIONS. AT THE RECENT ENTHRONEMENT CEREMONY OF JAPANESE EMPEROR NARUHITO, SOUTH KOREAN PRIME MINISTER LEE NAK-YON MET WITH JAPANESE PRIME MINISTER SHINZO ABE, RAISING THE PROSPECT OF A FUTURE SUMMIT BETWEEN THEM. IN AUGUST, THEIR FOREIGN MINISTERS MET IN BANGKOK, BUT THE MOOD WAS NOT AMIABLE.
GYOPO (SAMUEL KIEHOON LEE, CANADA/SOUTH KOREA). 100 MIN. SATURDAY (NOVEMBER 9), 8 PM. TIFF 3. RATING: NNNN
PM LEE DECLINED TO COMMENT ON THE SPECIFIC SUGGESTIONS JAPAN OFFERED TO SOUTH KOREA. EARLIER REPORTS SAID SOUTH KOREA SUGGESTED THE IDEA OF CREATING A JOINT FUND WITH THE SOUTH KOREAN GOVERNMENT, JAPANESE AND SOUTH KOREAN COMPANIES TO COMPENSATE SURVIVING SOUTH KOREAN VICTIMS OF WARTIME FORCED LABOR.

 

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