The Middle East peace process has attested to this point. The recent frame-work agreement between the United States and the Democratic People's Republic of Korea is also a case in point. We welcome those positive developments and hope that peaceful negotiations will be even more frequently used in the settlement of international disputes. It is now a world trend to accord priority to economy. This is determined by the progress of times and stage of historical development.
Economic development is on the top of the agenda of every country.
It is vital not only to any country's existence and long-term security, but also to world peace and security. Indeed, the economic factor is increasingly playing the overriding and pivotal role in international relations. In order to promote economic development and common prosperity, all nations must intensify cooperation and coordination as well as broadening the scope of complementing and leaning from each other in accordance with the principle of equality and mutual benefit. An important basis will thus be laid for the maintenance of world peace. The international community should make special efforts to narrow the gap of wealth between developed and developing countries by encouraging them to complement each other's comparative advantages so as to ensure sustained, balanced and steady growth of the world economy.