South Korea to hold trade talks with Japan in December

By: Reuters | Seoul |

Published: November 29, 2019 8:42:05 am

Lee Ho-hyun South Korean President Moon Jae-in. (AP)

South Korea and Japan have agreed to hold senior-level trade talks in December to focus on Tokyo’s export restrictions on the centre of a bitter dispute between the 2 nations, the South Korean trade ministry stated on Friday.

The talks would come with Japan’s tighter guidelines since July on the export of three high-tech supplies to South Korea and its removing of Seoul from its so-called “white list” of nations with fast-track trade standing, the ministry stated.

Seoul responded by taking Japan off its checklist of fast-track trade nations, deepening the trade dispute that has festered for months and damage a few of Asia’s largest exporters.

“We will pursue dialogue with an ultimate goal to make things like the white list or three items go back to the original state,” Lee Ho-hyun, a South Korean senior trade ministry official, stated at a information briefing.

The talks would happen in the third week of December in Tokyo, the ministry added.

The two nations agreed on Saturday to hold a summit subsequent month in a significant step in direction of bettering relations strained by many years of bitterness over their wartime previous. In an extra signal of an easing of tensions, South Korea has additionally agreed to stick to an intelligence-sharing deal with Japan.

Officials from each nations met on Thursday to focus on holding the senior-level trade dialogue, in accordance to the South Korean trade ministry.

The temper on the assembly on Thursday was extra “friendly” than an analogous assembly in July shortly after Tokyo imposed the export curbs, Lee added.

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