The Fourth Conference of the OEAED (the Organization for East Asia Economic Development) will be held Nov 24 to Nov 26 in Qingdao, a coastal city in Eastern China’s Shandong province, local officials said Thursday.

The convention will include 150 participants from all 10 OEAED member cities: China’s Tianjin, Qingdao, Dalian and Yantai; Kitakyushu Shimonoseki Fukuoka of Japan, and Busan, Inchon, Ulsan of the Republic of Korea, according to Qingdao Assistant Mayor Wu Tiejun.

The meeting is expected to promote sub-regional cooperation among the cities, which all border the Yellow Sea, and also accelerate the FTA (Free Trade Area) process for the three countries, Wu told a press conference.

Mayors of the 10 cities and chairpersons of respective chambers of commerce will address the three-day event. They will communicate on such issues as manufacturing, environment, tourism and logistics sectors, and also sign "The Yellow Sea-Ring Action Memorandum” and “Qingdao Declaration”.

Leaders from Japanese and South Korean embassies in China, the Japan External Trade Organization, the Ministry of Commerce of China and China Council for the Promotion of International Trade will also attend the event.

Founded in 2004, the OEAED works to improve economic development in East Asia and promote manufacturing, tourism, environmental protection, logistics and other industry sectors. The OEAED meets every two years and is hosted, by turn, by the 10 member cities. This is the first year Qingdao is hosting the event.

By Xie Chuanjiao and Dai Yan (China Daily Qingdao Bureau)

Editor: Li Jing