South Korea asks Japan not to drop it from smooth-trade list

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South Korea asks Japan not to drop it from smooth-trade list
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South Korea protested on Wednesday against a Japanese plan to remove it from a J...

SEOUL - South Korea protested on Wednesday against a Japanese plan to remove it from a Japanese list of countries that face minimum trade restrictions, saying it would undermine their decades-old economic and security cooperation and threaten free trade.

South Korea’s industry ministry said in a statement Japan’s removal of South Korea from the list would be a very grave matter that would undermine their economic and security partnership. “Removal of South Korea from the white list of countries is against international norms and we are worried about its serious negative impact on global value chains and free trade,” Sung said.

Japan believes the compensation issue was settled under a 1965 treaty and the court ruling violated international law.

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