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President Park holds 1st Korea-China summit in Beijing

President Park Geun-hye and Chinese President Xi Jinping agreed to cooperate on the denuclearization of the Korean Peninsula at a series of summit talks on June 27.

President Park Geun-hye and Chinese President Xi Jinping inspect the honor guard jointly composed of the Chinese army, navy, and air force in front of the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).

President Park Geun-hye and Chinese President Xi Jinping inspect the honor guard jointly composed of the Chinese army, navy, and air force in front of the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).


At the Korea-China summit held at the Great Hall of the People in central Beijing, President Park and the Chinese leader adopted the joint communiqué for Korea-China future vision which contains both countries’ will to make a concerted effort to resolve the North Korean nuclear issue and boost the bilateral relationship which marks its 21st anniversary this year.

President Park Geun-hye (fourth from right) and Chinese President Xi Jinping hold an extended summit on June 27 at the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).

President Park Geun-hye (fourth from right) and Chinese President Xi Jinping hold an extended summit on June 27 at the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).


“The two of us shared a common understanding that Pyongyang’s possession of nuclear weapons is unacceptable under any circumstances,” said President Park at a joint press conference after the summit, “and that the denuclearization of North Korea and the peace and stability of the Korean Peninsula are of common interest of the two countries."

“We both agreed to continue strategic cooperation toward our common goal and that we should keep international obligations and promises, including the September 19 joint statement for denuclearization and the UN Security Council Resolutions,” President Park added.

The two presidents agreed that the Korean Peninsula trust-building process will help ease tensions and bring about sustainable peace.

President Xi expressed his support for improvement in inter-Korean relations based on dialogue and trust between the South and North and for the realization of peaceful unification.

“I hope the two leaders can work together in the future toward the goal of peaceful unification of the Korean Peninsula,” said President Park, while expressing her thanks for the Chinese leader’s support.

President Park and her Chinese counterpart agreed to closely cooperate by using various methods whenever necessary, including presidential visits, holding summits during multilateral meetings, exchanging letters and telephone calls, and to that end they agreed to build a comprehensive, multiple-channel communication system between the two governments.

To do so, Seoul and Beijing agreed to set up various strategic dialogue channels, establishing a communication structure among high-ranking diplomats and security officials and holding regular meetings between foreign ministers of the two countries.

Both leaders agreed to establish an in-depth, comprehensive economic cooperation system which can contribute to the stability and long-term growth of the two countries by boosting mutual economic benefits.

The two countries signed seven memoranda of understanding on boosting bilateral cooperation in economy and trade and agreed to form a ministerial-level consultative group in the ICT sector. Both countries also agreed to extend bilateral cooperation which previously focused on trade and investment to wider areas, including energy, the environment, and finance.

President Park Geun-hye (left) and Chinese President Xi Jinping shake hands after the signing ceremony for MOUs on boosting bilateral cooperation on June 27 at the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).

President Park Geun-hye (left) and Chinese President Xi Jinping shake hands after the signing ceremony for MOUs on boosting bilateral cooperation on June 27 at the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).


The two presidents further agreed to achieve the goal of reaching a bilateral trade volume of USD 300 billion by 2015 and work together so that both countries can play a key role in leading economic growth both regionally and globally.

In regard to the Korea-China free trade agreement (FTA), the two leaders shared a common understanding that both countries need a new frame of future-oriented cooperation and that the Korea-China FTA is in the center. They agreed to make effort to reach an agreement in the ongoing free trade negotiation, which can benefit the people of both countries.

As a peaceful marine order is necessary for the peace and stability of the region, the two sides agreed to closely manage the regional fishing industry and fishery resources in a mutually beneficial way.

The two leaders agreed to extend exchanges among the two peoples and make efforts to strengthen the bilateral ties in humanities.

President Park Geun-hye and Chinese President Xi Jinping meet with Chinese youths on June 27 at the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).

President Park Geun-hye and Chinese President Xi Jinping meet with Chinese youths on June 27 at the Great Hall of the People in central Beijing (photo: Cheong Wa Dae).


“Both countries are friends that have shared a long culture,” said President Park at the press conference. To enhance the bilateral ties through humanities studies, the two governments agreed to build a joint committee on humanities exchange and carry out exchange projects in various related sectors, including traditional arts, among students, academia, and so on.


By Wi Tack-whan, Yoon Sojung
Korea.net Staff Writers
whan23@korea.kr

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