Japan, S Korea agree to boost economic cooperation
Japan Today, Monday 12th January, 06:31 AM JST
SEOUL — The leaders of South Korea and Japan agreed Sunday they must boost bilateral cooperation to weather the ongoing global financial storm, as the neighbors try to move beyond their bitter shared history.
Prime Minister Taro Aso, who arrived in Seoul early Sunday, is expected to discuss economic cooperation and international efforts to end the North Korean nuclear standoff at a summit with President Lee Myung-bak on Monday.
Since taking office 11 months ago, Lee has been pushing for improved ties with Japan and has held five summits with Japanese leaders. He has also resumed top-level visits, which were suspended in 2005 to protest then-Prime Minister Junichiro Koizumi’s repeated trips to a controversial Tokyo shrine that honors war dead, including convicted war criminals.
Lee has also said he will not demand a new apology from Tokyo for its 1910-45 invasion and rule of the Korean peninsula. Japanese leaders have repeatedly issued apologies about their country’s colonial past, but many South Koreans say the apologies are insincere.
Addressing a meeting of Korean and Japanese business leaders at his presidential mansion Sunday, Lee called for the two countries to increase their “substantial cooperation” to cope with difficulties arising from the international financial meltdown and jointly tackle other global issues.
Aso told the meeting he felt ties between the traditional rivals had “greatly” improved since Lee came to power.
He earlier told a business forum that Japan and South Korea should cooperate to surmount the financial crisis.
South Korea and Japan are key trade partners with two-way trade reaching $82.6 billion in 2007.
The two countries have taken steps toward restarting stalled free trade talks—which ground to a halt in late 2004 over disagreements on how much to lower trade barriers on agricultural goods. The sides held working-level meetings twice last year to prepare for reopening negotiations.
Aso said both Japanese and South Korean governments have been receiving requests from businessmen to reach the deal.
Bilateral trade has favored Japan with South Korea recording a nearly $30 billion trade deficit with Japan in 2007.
Yasuhisa Kawamura, deputy press secretary at Japan’s Ministry of Foreign Affairs, told reporters in Seoul that South Korea’s trade deficit is “definitely one of the issues, challenges” that free trade talks have to address.
Lee’s diplomatic overtures toward Japan took a hit in July when Tokyo announced it would recommend that a government teaching manual include Japan’s claim to uninhabited islets claimed by both countries.
South Korea temporarily recalled its ambassador in Tokyo and heightened security near the islets. Activists staged near-daily protests in front of the Japanese Embassy and many scholars and newspaper editorials demanded Lee toughen policy on Japan.
Sunday, January 11, 2009
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