The two sides agreed to work together to gradually achieve balance in the bilateral trade as it develops. The ROK side expressed its readiness to take an active part in China's various trade and investment fairs such as the China Import and Export Fair, China International Small and Medium Enterprises Fair and continue to send to China purchasing and investment groups. China expressed appreciation of this.

The two sides agreed to the need of strengthening concrete cooperation on mobile communication, actively supporting further capital and technological cooperation between the two countries' communication enterprises and expanding the cooperation on electronics and information communication to areas such as software and radio frequency identification.

The two sides agreed to strengthen extensive and mutually beneficial energy cooperation such as cooperation on nuclear power, oil reserve, joint development of resources and renewable energy in an effort to achieve concrete results in cooperation on energy conservation.

The two sides agreed to strengthen cooperation on IPR protection, food safety and quality inspection, logistics and labor service.

The two sides believed that closer financial cooperation is conducive to the development of the financial industry of both countries. They believed that they should learn from each other, share experience, improve their financial systems, promote the reform and opening up of their financial markets and step up coordination and cooperation in international and regional financial institutions.

The two sides agreed to enhance joint study and survey in areas such as polar science and technology.

Both sides recognized the importance to strengthen environmental cooperation and agreed to enhance exchanges and cooperation on environmental industry, sand storm monitoring and the Yellow Sea environmental protection, etc.

The two sides agreed to actively cooperate in the preparation of the 2010 Shanghai World Expo and the 2012 Yeosu World Expo.

III. Enhancing People-to-People and Cultural Exchanges

The two sides decided to enlarge the programs of mutual youth visit and step up exchange activities such as home stay and home visit and expand the program of governmental scholarship swapping.

The two sides agreed to explore ways to streamline visa procedures so as to increase mutual personnel visit.

China welcomed the setting up of a consulate-general in Wuhan, China by the ROK.

The two sides believed that the long history of bilateral exchange is an important asset of China-ROK friendly relations. To enhance mutual understanding, both sides should actively support the exchanges on history and culture between their academic institutions.

IV. Advancing Cooperation on Regional and International Affairs

The Chinese side reiterated its firm support to the improvement of relations and ultimate peaceful reunification between the north and south of the Korean Peninsular through dialogue. The ROK side appreciated China's efforts in maintaining peace and stability on the Korean Peninsular and looked forward to China's continued constructive role.

The ROK side stated its positions on facilitating the settlement of the Korean nuclear issue and expanding exchanges and cooperation in the economic, social and other areas between the north and the south of the Korean Peninsular. China expressed its understanding of the ROK's positions and hoped to see progress in the reconciliation and cooperation between the north and the south of the Korean Peninsular.

Both sides believed that the second-phase Action Plan of the September 19 Joint Statement by the Six Party Talks should be fully implemented at an early date under the principle of "action to action." The two sides agreed to work with other parties concerned to look into and formulate the action plan for the next phase in a constructive effort to fully implement the September 19 Joint Statement.