Sihai network

What is the impact of Japan's removal of South Korea from the white list of trade preferences?

On August 2, at the cabinet meeting, the Japanese government decided to amend the decree to exclude South Korea from the "white list countries" that have set preferential treatment in security and export management.

It is expected that the amendment still needs to go through multiple procedures such as signing and promulgation, and will be officially implemented in late this month three weeks after its promulgation.

Earlier, Japanese media said that if South Korea is excluded from the "white list countries", the export of products considered likely to be converted to military must obtain the license of the Ministry of economy, industry and industry. South Korea believes that petrochemical products and automobiles, the main industries second only to semiconductors, will also be hit.

In early July, the Japanese government announced that it would strengthen the control of three kinds of semiconductor industry raw materials exported to South Korea. Since then, South Korea and Japan have their own words, and trade frictions continue to ferment. Japan said that the reason for the control measures was that South Korea had problems in export management, and South Korea accused Japan of "economic retaliation" for the case of Japanese enterprises' compensation and forced labor imposed by the South Korean Supreme Court.

On July 26, South Korean foreign minister Kang Jinghe had a telephone conversation with Japanese Foreign Minister Taro Kono to communicate directly on the trade dispute between the two sides for the first time, but failed to reach an agreement.

South Korea's foreign ministry said on July 30 that Japan may delete South Korea from the trade preferential treatment 'white list' at the cabinet meeting held on August 2.

On August 1, Kang Jinghe and Kono taro held an interview in Bangkok, Thailand. The talks were regarded by public opinion as' final negotiations'. According to the South Korean foreign ministry, during the nearly one hour talks, the two sides reiterated their existing positions, but failed to narrow their differences.