Chinese FM floats 4 proposals for promoting East Asia cooperation

BEIJING: Chinese State Councilor and Foreign Minister Wang Yi presented four proposals on promoting East Asia cooperation at the ASEAN Plus Three (10+3) foreign ministers’ meeting in Phnom Penh, Cambodia.
Wang said that over the past 25 years, cooperation among the ten nations of the Association of Southeast Asian Nations (ASEAN), China, Japan and South Korea has deepened and achieved many important results.
The countries have established the goal of building an East Asian community and improved their cooperation framework, built the world’s largest free trade area in the Regional Comprehensive Economic Partnership (RCEP), and promoted the integration of East Asia’s industrial and supply chains and interests, he said.
They have also strengthened crisis response capabilities, made landmark achievements such as the Chiang Mai Initiative Multilateralization and established a regional cooperation architecture with ASEAN at the center, Wang said.
Amid unprecedented challenges and opportunities from rapid changes in the international landscape and speedy advancements in technology and industrial development, the 10+3 cooperation is now at a critical period to build on the past and look ahead to the future, he said.
–The Daily Mail-CGTN news exchage item