TRILATERAL COOPERATION

Topic

Promoting peace and co-prosperity among
China, Japan, and the Republic of Korea
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The Trilateral Finance Ministers’ Meeting was inaugurated in 2000 with the purpose of discussing and coordinating ASEAN+3 Finance Ministers Meeting agendas among the three countries in advance. Since 2012, the Trilateral Finance Ministers Meeting invited Central Banks’ Governors to this meeting. The three parties gather together to promote economic growth and maintain financial stability in the region to effectively respond to the serious challenges facing the global and regional economy and financial market. They also discuss the three countries’ direction of achieving further development of regional financial cooperation in ASEAN+3 to further enhance the readiness and effectiveness of Chiang Mai Initiative Multilateralization (CMIM).

In order to strengthen three central banks’ mutual cooperation and communication for better safeguarding economic and financial stability in the region, the three countries established the Tripartite Governors’ Meeting among the People’s Bank of China, the Bank of Japan and the Bank of Korea in 2009.