Seoul says will halt WTO dispute over Japan export curbs FMTNews FMTBusiness
The two countries will negotiate export regulations bilaterally to return to the way things were before.
In 2019, Japan imposed export controls on key industrial materials needed for semiconductors and displays and removed South Korea from its “preferred trading nations” list. “The two governments have decided to swiftly carry out bilateral consultations related to the current issues on export regulations to return to the way things were before July 2019,” Seoul’s trade ministry said in a statement.
The moves came shortly after South Korea announced plans on Monday to compensate victims of Japan’s forced wartime labour, aiming to end a “vicious cycle” in the Asian powers’ relations and boost ties to counter the nuclear-armed North.
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