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South Korea Removes Japan from Fast-Track Trade List

Wednesday, 18 September 2019 23:25 WIB

South Korea has followed through with a pledge to remove Japan from a preferred list of nations that enjoy fast track trade status, the latest chapter in an escalating diplomatic dispute tied to Japan's 20th century occupation of the Korean peninsula. Tokyo's removal from a so-called "white list" of nations enjoying minimal trade restrictions means South Korean companies would have to wait as many as 15 days to win approval to export sensitive materials to Japan, compared to five days under the fast track status.  Wednesday's action comes just weeks after Tokyo removed South Korea from its "white list" of trusted trade partners.  The decision restricts exports of hi-tech...

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