Japan Decides to Remove S. Korea from Preferred Nation List
Tokyo, Aug. 2 (Jiji Press)--Japan's government decided Friday to remove South Korea from its list of trusted trading partners qualified for simplified export procedures, a further tightening of export controls on the neighboring country that is widely expected to lead to an escalation of Tokyo-Seoul trade disputes.
It is the first time for Japan to cancel such list designation for any of its trading partners.
At a cabinet meeting, the government approved a revision of an ordinance needed for the removal, despite 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.
In Seoul on Friday, South Korean President Moon Jae-in criticized the decision by the Japanese government as extremely reckless.
[Copyright The Jiji Press, Ltd.]