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Japan's METI Expected To Return South Korea To Its Whitelist Of Trade Partners
Japan's Ministry of Economy, Trade and Industry will reinstate South Korea's status as a preferred trading partner, formerly known as a "White List," local media outlets reported today.
- Japan removed South Korea from the list of "Group A" countries with preferential export treatment in 2019 amid simmering tensions over the issue of compensation for wartime forced labourers.
- Shared geopolitical challenged forced Tokyo and Seoul to intensify bilateral dialogue in the recent months, leading to a broader rapprochement and tighter cooperation in areas such as trade and national security.
- Japan's METI said that it is seeking public opinions on restoring South Korea's preferred trading partner status, adding that the move will streamline export processes.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.