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South Korea to remove Japan from preferred trade list | Vietnam News Gazette

South Korea to remove Japan from preferred trade list

South Korea's Industry, Trade, and Energy Minister said Monday that Japan will be removed from a white list of countries entitled to preferential treatment in trade.

Sung Yun-mo announced the revision of a bill on the export and import of strategic materials at a news conference on Monday. He said it will be difficult to cooperate with countries which deviate from the basic principles of the international export control system. He added that after a public announcement, the parliament will spend 20 days to collect opinions and complete related tasks. During that period, Seoul is willing to discuss the matter with Tokyo if it receives a request.

Early this month, the Japanese government approved the removal of South Korea from a list of countries with preferential trade status.

Source: VOV5