Japan says South Korea failed to justify trade restriction

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[TOKYO] Japan hit back at South Korea on Tuesday for removing Tokyo's fast-track trade status, with the industry minister saying Seoul had failed to explain its reason for the move - the latest in an escalating trade row. Read more at The Business Times.

Japanese industry minister Hiroshige Seko said Seoul had failed to show how Japan had purportedly fallen short of international export control measures.[TOKYO] Japan hit back at South Korea on Tuesday for removing Tokyo's fast-track trade status, with the industry minister saying Seoul had failed to explain its reason for the move - the latest in an escalating trade row.

"From the start, it is totally unclear under what basis South Korea can say that Japan's export control measures don't meet the export control regime," Mr Seko said on Twitter.The tighter trade regulations, including potential lengthy permit application processes, will apply to South Korean exports to Japan.

Relations between the two countries have deteriorated since a ruling by South Korea's Supreme Court last year that Japanese companies should compensate South Koreans who were conscripted as forced labourers during World War Two.

 

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