CHINA, Japan, South Korea and Russia have signed Summary Consultation
accords on cooperation in north east Asian rail and water transport
sectors, which defines the objectives, priorities and specific
arrangements for cooperation.
Representatives said they felt cooperation would improve efficiency, reduce costs, and promote trade contacts among them as well as enhance north east Asia's competitiveness in the international market.
The accords, they said, would also play an important role in promoting north east Asian economic integration and social development. These four partners will encourage enterprises to be pioneers carrying out rail and water transport projects.
One or two inter-governmental consultations will be held every year with the first scheduled in China in 2012. And expert panel will also be set up to conduct research, based on the current results and experience gained from the first co-operative transport projects.
North east Asia is one of the world's largest economic aggregates, with the greatest development potential and the highest degree of complementarity. Ju Chengzhi, secretary general for the meeting and director of the International Cooperation Department of the Ministry of Transport of China, said he hoped that progress would be made constantly and that the four countries' cooperation on transport and logistics would be deepened by making the most of their geographical advantages.
Representatives said they felt cooperation would improve efficiency, reduce costs, and promote trade contacts among them as well as enhance north east Asia's competitiveness in the international market.
The accords, they said, would also play an important role in promoting north east Asian economic integration and social development. These four partners will encourage enterprises to be pioneers carrying out rail and water transport projects.
One or two inter-governmental consultations will be held every year with the first scheduled in China in 2012. And expert panel will also be set up to conduct research, based on the current results and experience gained from the first co-operative transport projects.
North east Asia is one of the world's largest economic aggregates, with the greatest development potential and the highest degree of complementarity. Ju Chengzhi, secretary general for the meeting and director of the International Cooperation Department of the Ministry of Transport of China, said he hoped that progress would be made constantly and that the four countries' cooperation on transport and logistics would be deepened by making the most of their geographical advantages.