South Korea to return to Japan’s ‘white list’ for exports on July 21
Nishimura Yasutoshi, Minister of Economy, Trade and Industry (METI), talks during an interview with Reuters in Tokyo, Japan, April 5, 2023. Androniki Christodoulou/File Photo
TOKYO -Japan will reinstate South Korea to its “white list” for exports with fast-track trade status effective July 21, Japanese Trade Minister Yasutoshi Nishimura said on Tuesday, a crucial step for resolving an economic row between the two nations.
Japan lifted export curbs on high-tech materials to South Korea in March as the nations mended ties amid North Korea’s repeated missile launches and China’s stepping up defense activities.
South Korea’s trade ministry welcomed the move as a “complete recovery of trust between the two countries in export control”. The ministry also said it would work closely with Tokyo on bilateral and multilateral export control issues in future.
READ:
South Korea and Japan to drop trade dispute as security concerns trump history
Factbox: The many disputes overshadowing relations between South Korea and Japan
