South Korea Plans to Drop Japan from its ‘White List’ of Countries with Fast-track Trade Status South Korea Plans to Drop Japan from its ‘White List’ of Countries with Fast-track Trade Status
This post was originally published on this site SEOUL (REUTERS) – South Korea said on Monday (Aug 12) it plans to drop Japan from... South Korea Plans to Drop Japan from its ‘White List’ of Countries with Fast-track Trade Status
This post was originally published on this site

SEOUL (REUTERS) – South Korea said on Monday (Aug 12) it plans to drop Japan from its “white list” of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries.

Tighter trade regulations, including potential lengthy permit application processes, will apply to South Korean exports to Japan related to weapons production and machine tools, the Ministry of Trade, Industry and Energy said in a statement.

Japan announced earlier this month that it was removing South Korea from its own “white list” of countries that have enjoyed minimum trade restrictions. South Korea last week held off making a retaliatory move.

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Source: This post was originally published at Straits Times on .

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