South Korea to remove Japan from white list as soon as next week
South Korea could formally remove Japan from its "white list" of trade facilitation status as soon as next week, an official with the ministry of industry, trade and resources said Tuesday.
South Korea's ministry of industry, trade and resources on August 14 decided to change the classification of trading partners from the original two categories of a and b to three categories of a, a and b. Among them, category a and 1 received the same simplified export procedures, equivalent to the original category a; Japan will be added to the a-2 category after the a-2 treatment falls.
Of South Korea's nearly 30 top tier a trading partners, Japan is the only country to be moved to category a and 2, yonhap reported. According to South Korea's ministry of industry, trade and resources, the countries on the "white list" participate in various agreements to promote trade facilitation, but Japan has violated those agreements by imposing export controls on South Korea.
