'Tokyo's removal of Seoul from white list undermines fair trade'
Kim Seung-ho, deputy minister of South Korea's Ministry of Trade, Industry and Energy, shares how the country will discuss the trade row with Japan at the World Trade Organization General Council, upon arriving at Geneva Airport on Tuesday (KST). YonhapBy Lee Min-hyungIf Japan decides to strip South Korea of its preferential treatment in its trade relations, it will further widen Tokyo’s international trade violations, a senior South Korean government official said, Tuesday (KST).Tokyo’s possible move, which is expected to happen later this week at the earliest according to a senior Cheong Wa Dae official, would involve removing South Korea from a “white list” of countries deemed trustworthy by Japan.If Japan goes ahead with its plan, Japanese exporters will need licenses to ship to South Korea some 850 items that could be used in weapons-related applications, market research firm IHS Markit said.“We expect the Japanese government to take careful actions, as the country will violate (WTO rules) on a wider scale if it extends the matter into the white lis
Jul 23, 2019By Lee Min-hyung