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WTO talks between Japan and South Korea begin.

2019-10-11T13:26:27.944Z


Japan-Korea bilateral talks on conflict resolution procedures of the World Trade Organization (WTO) began on November 11 at the WTO headquarters in Geneva, Switzerland, over strengthening Japan's export restrictions to Korea. However, there is a big gap between the two countries' claims, and it can be solved by consultation ...


Japan-Korea bilateral talks on conflict resolution procedures of the World Trade Organization (WTO) began on November 11 at the WTO headquarters in Geneva, Switzerland, over strengthening Japan's export restrictions to Korea. However, there is a big gap between the two countries' claims, and it is expected that it will take several years to settle without being resolved through consultation.

According to the Ministry of Economy, Trade and Industry, the directors of both countries, such as the Director of the Trade Organization, Soichiro Kuroda of METI, attended the discussion. South Korea is likely to sue again about the tightening of regulations, saying, “It is a countermeasure against the problem of compensation for Korean yuan recruiters.” Japan argues that it does not violate the WTO Agreement in "Reviewing the proper operation of the export control system for non-proliferation of weapons of mass destruction". Kazuhide Sugawara, Minister of Economy, Trade and Industry, told the reporter, "I want to send it to the international community without changing Japan's position that it is consistent with the WTO Agreement."

The number and form of consultations are not fixed, but if they are not resolved by November 10, South Korea can request the establishment of a dispute resolution subcommittee (panel), which is the first instance. If you are dissatisfied with this decision, you can appeal to the final committee. It is necessary to follow the judgment of the senior committee, but it takes several years for this to come out.

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Source: asahi

All news articles on 2019-10-11

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