S. Korea to make pre-announcement of legislative revision to remove Japan from trade 'white list'
- 5 years ago
The South Korean government is due to make the pre-announcement of the revision to the Public Notice on Trade of Strategic Items,... in a move to remove Japan from its "whitelist" of trusted trade partners.
Seoul's trade ministry says the pre-announcement will be posted online on Wednesday and it will receive public opinions on the revision for 20 days.
The revision aims to downgrade Japan's fast-track status one notch and establish a new classification in Seoul's export system.
With the revision,... the process for South Korean companies importing strategic materials and products from Japan will require more documents and may take as many as 15 days,... rather than the current five.
Seoul's trade ministry says the pre-announcement will be posted online on Wednesday and it will receive public opinions on the revision for 20 days.
The revision aims to downgrade Japan's fast-track status one notch and establish a new classification in Seoul's export system.
With the revision,... the process for South Korean companies importing strategic materials and products from Japan will require more documents and may take as many as 15 days,... rather than the current five.