China, Japan commerce ministers exchange protests at meeting in US | Bloomberg News

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 59%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

The trade ministers of China and Japan exchanged protests over chip export controls and the detention of Japanese citizens at a meeting in Detroit last week, according to statements from both governments.

Chinese Commerce Minister Wang Wentao complained about Japan’s chip export curbs and a Group of Seven “attack” on China during a meeting with Japanese Trade Minister Yasutoshi Nishimura in Detroit on May 26, according to a ministry statement.

For his part, Nishimura called on Wang to release an employee of Japanese pharmaceuticals firm Astellas Pharma Inc. who was detained in China in March, Japan’s Ministry of Economy, Trade and Industry said by e-mail. The meeting came amid strained ties between the Asian neighbors. Japan is trying to maintain business relations with its biggest trade partner, China, while not straying too far from the policies of its only formal security ally, the US.

China lodged a diplomatic complaint with Japan last week, after Prime Minister Fumio Kishida hosted the G-7 summit, at which the group of wealthy democracies vowed to “foster resilience to economic coercion” from China. Japan is also set to expand restrictions on exports of some leading-edge chip technology, while denying that the move is aimed at any particular country.

Wang told Nishimura that China is willing to work with Japan to promote cooperation on key economic and trade sectors. Ensuring the safety of Japanese company employees and maintaining a transparent business environment is important in pursuing economic cooperation, Nishimura told Wang.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China urges Japan to halt export restrictions on chipsChinese Commerce Minister Wang Wentao calls the semiconductor export controls a 'wrongdoing' that 'seriously violated' international economic and trade rules.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Away from Manila, Pinoy food gives Japanese envoy a taste of homeJapanese Ambassador to Manila Kazuhiko Koshikawa was elated to find Filipino goodies in Don Quijote, a famous Japanese discount chainstore that can be found in Japan. | ManilaBulletin
Source: manilabulletin - 🏆 25. / 51 Read more »

PCG to hold first trilateral maritime exercise with US, Japan in JuneThe Philippine Coast Guard (PCG) on Monday said it would conduct its first trilateral maritime exercise with the United States Coast Guard (USCG) and the Japan Coast Guard (JCG) in June.
Source: gmanews - 🏆 11. / 68 Read more »

North Korea announces 'satellite' launch – JapanTOKYO: North Korea has notified Japan of a plan to launch what it calls a satellite in the coming weeks, Japan's coastguard said on Monday.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

North Korea notifies Japan of plan to launch satelliteSEOUL/TOKYO — North Korea has notified Japan of a plan to launch a satellite between May 31 and June 11, a Japanese coast guard official said Monday. Analysts say the military satellite is
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Carl Tamayo’s Ryukyu cops Japan B.League titleCarl Tamayo watched from bench as the Ryukyu Golden Kings claimed the championship title in the 2022-23 Japan B.League with an 88-73 drubbing of top seed Chiba Jets in Game 2 of their best-of-three finals series at the Kanagawa Prefecture.
Source: manilabulletin - 🏆 25. / 51 Read more »