default_top_notch
default_news_top
default_news_ad1
default_nd_ad1

Seoul drops Tokyo from list of trusted trade partners

기사승인 2019.09.18  08:57:00

공유
default_news_ad2

South Korea officially removed Japan from its list of trusted trade partners on Wednesday, upping the stakes in the two countries' high-profile trade row, which largely stems from their shared history.

Under the new classification scheme, Seoul's trade ministry regroups its trading partners into three from the previous two, placing Tokyo in the in-between group.

Local companies shipping strategic goods to Japan will now have to submit five documents to win individual approval, which is more than the previous three. The approval process will also take around 15 days, longer than the previous five, according to the ministry.

Korean exporters also need to go through tougher and longer procedures to win comprehensive approval to ship goods to Japan for a two-year expiry, shorter than the three-year period granted for trusted countries, it said.

Seoul claimed that all trusted partners "operating an export control system that violates international norms" and "having difficulties in seeking an international cooperation" will no longer be given favors, although Japan will be the only country in the in-between bracket.

The removal came a month after Seoul warned of such actions in response to Japan's restrictions on exports of three key industrial materials to South Korea, which started in July.

Late last month, Japan also removed South Korea from its own list of trade partners, raising allegations over South Korea's export control system, including the chance of Japanese goods being be diverted for military purposes by third-party countries, although it did not concrete evidence.

In a separate action, South Korea filed a complaint with the World Trade Organization (WTO) last week over Japan's curbs of exporting key industrial materials to Seoul. The complaint, however, does not cover Japan's removal of South Korea from trusted trading partners.

Tokyo's move is widely seen as retaliation for a verdict made by a Seoul court last year that ordered Japanese firms to compensate Korean victims for their wartime forced labor during its 1910-45 colonial rule.

Japan has been protesting the court's verdict, claiming that all reparation issues stemming from its colonial rule of Korea were settled under a 1965 accord that normalized bilateral ties. (Yonhap)

Kim Hyung-dae edt@koreapost.com

<저작권자 © 코리아포스트 무단전재 및 재배포금지>
default_news_ad5
default_side_ad1
default_nd_ad2

인기기사

default_side_ad2

포토

1 2 3
set_P1
default_side_ad3

섹션별 인기기사 및 최근기사

default_side_ad4
default_nd_ad6
default_news_bottom
default_nd_ad4
default_bottom
#top
default_bottom_notch