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13 November 2017, 12:50 | Katrina Lee
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South Korea's decision to allow US's THAAD missile defense system to be installed within its territory will also improve its bilateral relationships with China attracting Chinese Tourists. For the next two days, President Moon will attend the 25th Asia-Pacific Economic Cooperation forum, along with officials and leaders from 20 other member economies.
China's President Xi Jinping arrives for the APEC Summit in Danang, Vietnam November 10, 2017.
"The benefits of free trade must be distributed fairly", said Moon, insisting that the sectors that are harmed during the process of economic integration and free trade must be minimized.
"The Special Strategic Partnership places greater emphasis on concrete cooperation for the benefit of the two countries and peoples in various fields, particularly in key industries and infrastructures, and on strengthening the two countries' contribution to the region and the world, especially through their joint efforts including triangular cooperation framework", they said in a joint statement issued after their bilateral summit.
The leaders also agreed to continue their discussions next month when the South Korean president will make a trip to China for their third bilateral summit, according to Cheong Wa Dae.
South Korea and Indonesia reached a series of business cooperation agreements Thursday (Nov 9) that could be worth nearly US$2 billion if finalised, South Korea's Yonhap news agency reported.
"At the end of the meeting, President Xi said this is a meeting that marks a fresh start of relations between Japan and China".
His trip to Indonesia marked the first time he made a state visit to a foreign nation since taking office in May. "The South Korean government will diligently implement the Lima Declaration on the FTAAP, which was adopted at the 2006 APEC summit", Moon promised.
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