Japan to propose new framework for trade talks

Japan to propose new framework for trade talks

Japan to propose new framework for trade talks

"In these eight years, both nations as well as the economic conditions surrounding them have changed greatly, even as our regional economic roles have increased", Kono said at the start of Monday's discussions, noting a need for a reset of their often-fraught bilateral ties.

Japanese Foreign Minister Taro Kono said Sunday he and Chinese counterpart Wang Yi agreed to go forward with mutual visits by Prime Minister Shinzo Abe and Chinese President Xi Jinping.

Japanese officials said the mutual foreign ministers' visits for the objective of bilateral talks are the first between Japan and China in eight years.

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"We confirmed Japan's plan to improve relations with China", Wang, who also holds the position of state councilor, told reporters after the meeting.

Noting that this year marks 40 years since the signing of a bilateral peace and friendship treaty, Kono said he and Wang agreed to work for the improvement of bilateral relations across the board.

Wang, a former ambassador to Japan, said his visit was China's response to "positive" messages and policies from Tokyo but acknowledged "some complex and sensitive elements".

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In his post on Twitter late on Thursday, Trump said the United States was working to make a deal with Japan, "who has hit us hard on trade for years!"The Trump administration again refrained from naming any major trading partners as currency manipulators but kept Japan on its monitoring list in a currency report". The dispute over islands in the East China Sea - known as the "Senkakus" in Japanese and the "Diaoyu" by the Chinese - remains a source of tension. Kono, who visited Beijing in January, stressed that the two countries share the same goal on North Korea. China demonstrated its significant influence over its reclusive ally when Xi hosted the North's leader Kim Jong-un and his wife in Beijing last month.

South Korea's Moon and US President are also preparing for separate, direct talks with Kim, leaving Abe to continue asserting a "maximum pressure" campaign against the North.

The two sides reportedly agreed to continue to fully implement all relevant United Nations resolutions and to work together closely in order to realize the dismantlement of the North's nuclear weapons and missiles.

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