China and Japan have reached an agreement on maintaining peace around the disputed chain of islands in the East China Sea after three years of war mongering.
The agreement was reached in Beijing between China's State Councilor Yang Jiechi and Japanese NSA Shotaro Yachi.
The two sides have agreed to prevent the situation around the disputed Diaoyu Islands (Senkaku in Japanese) from aggravating with dialogue and consultation.
The two sides “agreed to gradually resume political, diplomatic and security dialogue through various multilateral and bilateral channels and to make efforts to build political mutual trust“.
Beijing has made Tokyo accept it would abide by the spirit of “facing history squarely and looking forward to the future“.
The two countries have acknowledged that each has different position on the disputed islands, which Japan controls but China claims, and some parts of the East China Sea. The agreement may also pave way for the first ever meeting between Chinese president Xi Jinping and Japanese PM Shinzo Abe on the sidelines of the Asia Pacific Cooperation summit next week.
India and other Asian countries are watching the events closely because it might have an impact on their territorial disputes with China.
In Tokyo, Abe said, “Both Japan and China are coming to the view that it would benefit not just the two countries but regional stability if a summit is held.
Commerce ministers of the two countries agreed to meet during the summit next week.