Korea, Ja­pan to hold 2nd round of WTO talks over feud

The Korea Times - - BUSINESS -

Korea said Fri­day it has agreed to hold a sec­ond round of talks with Ja­pan later this month in their lat­est at­tempt to re­solve the on­go­ing trade row over Tokyo’s ex­port re­stric­tions at the World Trade Or­ga­ni­za­tion (WTO).

Chung Hae-kwan, di­rec­tor-gen­eral of mul­ti­lat­eral and le­gal af­fairs at the Min­istry of Trade, In­dus­try and En­ergy, will sit down for a dis­cus­sion with his Ja­panese coun­ter­part Ju­nichiro Kuroda on Nov. 19 in Geneva, ac­cord­ing to the trade min­istry here.

“We will make ut­most ef­forts to try to quickly re­solve Ja­pan’s ex­port re­stric­tions,” the min­istry said in a state­ment.

The talks are part of a dis­pute set­tle­ment process un­der rules of the WTO.

Last month, the two failed to reach an agree­ment in their first talks in

Geneva in con­nec­tion with Seoul’s com­plaint with the global trade body over Tokyo’s ex­port curbs.

In July, Tokyo im­posed tighter reg­u­la­tions on ex­ports to Seoul of three ma­te­ri­als — re­sist, etch­ing gas and flu­o­ri­nated poly­imide — that are crit­i­cal for the pro­duc­tion of semi­con­duc­tors and flex­i­ble dis­plays. Ja­pan later re­moved South Korea from its list of trusted trad­ing part­ners.

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