Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Korea

China-Japan-Korea summit: Business alone won’t heal deep wounds

byadmin
30/12/2019
in Korea
Share on FacebookShare on Twitter

Riven by legacies of unimaginable war atrocities, decades of Japanese occupation and colonial rule, Asia’s top three economies — China, Japan and South Korea — held a meeting last week. The heads of government for the three countries met in the thriving Chinese city of Chengdu and pledged, among other things, to accelerate their long-standing free-trade negotiations.

That’s an admirable vision of peace and prosperity for nations representing a quarter of the world economy and more than $700 billion in trade transactions during 2018.

You might also like

Japanese Companies Operating in Korea Pay a Low Tax Rate

03/02/2020

Czech gov’t foiled Korean arms smuggling plot, intelligence service says

30/01/2020

But despite the bonhomie in Chengdu, the leaders know that the way forward is strewn with obstacles left by misleading ideas that time, pragmatism and wealth creation would overcome the pain of festering wounds, humiliations and unacceptable readings of common history.

Japan remains at the center of all those difficulties. China continues to commemorate the martyrs of entire cities at the hands of Japanese World War II occupiers, while South Korea seethes at the enslavement of its people by the Japanese colonial rule and Tokyo’s alleged refusal to pay war reparations.

Apart from that, China and South Korea have running disputes with Japan about unresolved territorial claims in the East China Sea and in the Sea of Japan. The three countries take those issues as questions of principle defining their sovereignty and territorial integrity.

And yet, despite periodic dust-ups, pragmatism allowed Japan’s formidable export machine to keep its economy afloat.

It was, therefore, an unexpectedly sobering warning from Japan last week that stability in East China Sea was necessary for better ties with China — by far Tokyo’s largest trade partner.

In other words, for stable and confident Sino-Japanese relations, Tokyo was asking Beijing to renounce its territorial claims on the Senkaku (called Diaoyu by China) Islands in the East China Sea currently administered by Japan — an infuriating condition for China that considers Diaoyu as part of its inalienable ancient territory.

Related Stories

Japanese Companies Operating in Korea Pay a Low Tax Rate

byadmin
03/02/2020

Although Japanese companies earned nearly 48 trillion won in sales in Korea in the past four years, they paid only...

Czech gov’t foiled Korean arms smuggling plot, intelligence service says

byadmin
30/01/2020

The Czech intelligence services foiled a North Korean attempt to smuggle arms through the country, the country’s Security Information Service...

Korean in net for smuggling 4.5kg of gold

byadmin
21/01/2020

A 32-year-old Korean national was arrested by the Department of Revenue Intelligence (DRI), an anti-smuggling wing of the customs department...

Taiwan and Korea move to expand their tech influence as US-China trade war drags on

byadmin
13/01/2020

With the United States and China still locked in a trade battle, non-Chinese tech companies in Asia are looking to...

Next Post
Oil field flare and pump

Saudi Arabia may cut light crude prices

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.