Customs Duties: Exchange Views and Finance

customs duties: The meeting by the ministers, who may also take up the issue of a currency swap arrangement, will be held on the sidelines of an annual gathering of the Asian Development Bank in Yokohama, where a trilateral finance meeting among Japan, China and South Korea is also expected to be held, according to The Japan Times. The bilateral dialogue was launched in 2006 as a framework for the two countries' finance officials to exchange views on a variety of topics from the economy to customs duties. Finance Minister Taro Aso and his Chinese counterpart Xiao Jie are expected to focus on spurring economic growth through bilateral trade and infrastructure investment, and strengthening cooperation to spread the use of the Chinese yuan as an international currency, according to the sources. Sino-Japanese relations have since worsened over the Senkaku Islands, controlled by Japan and claimed by China, in the East China Sea. Japan and China sought to hold a dialogue session in 2016, but the meeting was postponed when Xiao replaced Lou Jiwei as China's finance minister in November. The long-standing dispute led to a suspension of the dialogue. (news.financializer.com). As reported in the news.