, 7 tweets, 2 min read Read on Twitter
#Japan vows to axe #SouthKorea from smooth-trade list, as row deepens - Tokyo plans to remove Seoul from a white list of countries that face minimum trade restrictions @9b3OR2qdITMbDcd scmp.com/news/asia/east…
South Korea protested against Japan’s plan to remove it from a list of countries with minimum trade restrictions, saying it undermines their decades-old economic & security cooperation & free trade. Asked Japan to scrap the plan, on concerns of disruptions of global supply chains
Japan’s planned revision of a law to take S Korea off its so-called white list comes amid a deepening row over compensation for wartime forced labour & after Japan tightened curbs this month on exports to South Korea of hi-tech materials used to make memory chips & display panels
“It is a very grave matter that shakes the foundation of South Korea-Japan economic partnership and Northeast Asian security cooperation that has been maintained and developed for more than 60 years,” Sung Yoon-mo, the South Korean industry minister, told a briefing.
“Removal of South Korea from the white list of countries is against international norms and we are worried about its serious negative impact on global value chains and free trade,” Sung said.
The restrictions came as Tokyo complained of the erosion of trust with Seoul after a S Korean court ruled last year that Japanese companies had to pay compensation to South Koreans forced to work in Japanese factories during Japan’s occupation of Korean from 1910 to 1945.
Japan believes the issue was settled under a 1965 treaty and the court ruling violated international law. Japan’s top government spokesman said on Wednesday relations with South Korea were in a “very severe” state.
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