A view of Seoul, South Korea Photo: VCG

With final arrangements underway to hold a long-stalled trilateral leaders' meeting among China, Japan, and South Korea, experts noted that the cooperation among the three countries is of great importance to the economy and stability in East Asia and the countries should seize the opportunity to alleviate tensions and foster collaboration.

South Korea is in final consultations with China and Japan to hold a trilateral meeting of their leaders on May 26 and 27, according to South Korea's Ministry of Foreign Affairs on Saturday. An official at the ministry said that the three countries agreed to hold the meeting "at the earliest date convenient for all sides."

According to South Korea's Yonhap News Agency, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida are expected to visit Seoul to meet with President Yoon Suk Yeol, as South Korea is the current rotating chair.

Chinese Foreign Ministry spokesperson Mao Ning said during a regular press conference on April 11 that China attaches importance to the cooperation among China, Japan, and South Korea, and hopes that the three sides will jointly create conditions for the leaders' meeting. "We are ready to maintain communication with South Korea and Japan for the meeting's preparation," Mao said at that time.

Japan's Fumio Kishida also expressed support for the upcoming three-way talks, telling a press conference on Saturday that coordination will continue for preparations for the meeting.

In another development, the foreign ministries of China and South Korea are in the final stages of coordinating the specific schedule for South Korean Foreign Minister Cho Tae-yul's visit to China, ahead of the trilateral leaders' talks, media reported.

"The cooperation among China, Japan, and South Korea holds immense benefits not only for East Asia, but also for the international community," Lü Chao, a research fellow at the Liaoning Academy of Social Sciences, told the Global Times on Monday.

Lü said that improving collaboration is in the interests of all parties involved, a common understanding among the three countries, especially in the economy. "It's also a gateway for building stronger consensus in other areas among the three countries," he said.

According to Japan Times, the three-way discussions are seen as covering six areas including people-to-people exchanges, economy and trade, public health, and peace and security, with outcome documents likely to be released. Bilateral talks may also take place.

The trilateral talks were last held in Chengdu, Southwest China's Sichuan Province in December 2019. The prolonged suspension is a result of the COVID-19 pandemic as well as some political and diplomatic conflicts among the countries, such as the blockade of China in the high-tech field by South Korea and Japan, Lü noted.

If the trilateral meeting proceeds as planned, it will bring positive developments for East Asian countries and contribute to peace and stability in the region, experts said. However, they also warned that there are lingering political and diplomatic challenges to overcome, particularly as Japan and South Korea are actively joining the small circles led by the US to counter China.

Japan and South Korea should seize the opportunity presented by this meeting to alleviate the current diplomatic tensions among the three countries, Lü said, noting that economic cooperation could serve as a starting point for enhancing trust and fostering stronger relations.

"The three parties should work together to identify shared interests and reach consensus on important issues in order to promote productive discussions and foster increased cooperation across different sectors in the future," Lü noted.