S. Korea to tighten export regulations on Japan

Source: Xinhua| 2019-08-02 18:07:48|Editor: Wu Qin
Video PlayerClose

SEOUL, Aug. 2 (Xinhua) -- South Korean Minister of Economy and Finance Hong Nam-ki said Friday that the country will tighten export regulations on Japan in response to Japan's removal of South Korea from its whitelist of trusted trading partners.

Hong, who also serves as the deputy prime minister for economic affairs, told a press briefing that South Korea will take actions to strengthen the export management towards Japan by "removing Japan from the whitelist."

The minister said the government will speed up the process of taking Japan's export restriction to the World Trade Organization (WTO) as Japan's action is in violation of the WTO rules.

Japan's action will affect 1,194 strategic materials in trade between the two countries, but 159 items will be actually influenced when excluding items that are not used here, not made in Japan, or can be replaced with other items, Hong noted.

He said the government will help local companies find alternative import sources, simplify the import process of alternative items and reduce tariff burden.

The government will provide support for the development of parts and materials and the construction of factories to expand the production of the affected materials.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001382787451
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲国产精品一区二区手机 | 性开放网站在线网站在线 | 中文字幕亚洲人成在线 | 亚洲另类综合在线视频 | 在线香蕉y亚洲视频 | 亚洲Aⅴ午夜福利精品一区 一本精品99久久精品77 |