Investment News
- Home
- About Us
- Newsroom
- Investment News
The 4th China-Japan-Korea Ministerial Conference on Transport and Logistics was held in Busan in July to exchange views and information among the three countries on problems relating to transport and environment and to promote international cooperation in these areas through joint action plans.
Minister of Land, Transport and Maritime Affairs of Korea Gwon Do-youp, Minister of Transport of China Li Shengshen and Senior Vice-Minister of Land, Infrastructure, Transport and Tourism of Japan Ken Okuda adopted a joint declaration calling for cooperation to establish Northeast Asia's comprehensive logistics market.
First of all, the three representatives gave priority to seamless logistics. To that end, they agreed to facilitate mutual access of trailer chassis, share information on logistics, impose no tariffs on recycled pallets and establish standards for logistics equipment.
They also decided to publish an investment guidebook for logistics companies seeking to make inroads into the overseas market.
The trilateral ministerial conference was first held in Seoul in 2006, suggested by Korea. The second and thrid meeting were hosted by Japan in 2008 and China in 2010, respectively.
Source: Yonhap News (Jul. 16, 2012)