Japan Decides to Remove S. Korea from "White" List

Politics Economy

Tokyo, Aug. 2 (Jiji Press)--Japan's government decided at a cabinet meeting on Friday to remove South Korea from its "white" list of trusted trading partners qualified for preferential treatment in export procedures.

It is the first time for Japan to cancel white list designation for any of its trading partners.

At the cabinet meeting, the government approved a revision of an ordinance needed for the removal, which came in spite of South Korea's strong request for Tokyo to keep it on the list.

The removal will take effect on Aug. 28, after the promulgation of the revised ordinance next Wednesday.

The Japanese move is certain to worsen relations between the two Asian neighbors further. In early July, Japan tightened its controls on semiconductor materials exports to South Korea.

[Copyright The Jiji Press, Ltd.]

Jiji Press