JAPAN--Japan resolved on Friday to remove South Korea from a "whitelist" of 27 countries that receive preferential trade treatment. Japanese Prime Minister Shinzo Abe convened a Cabinet meeting the same day to decide whether to revise the Export Trade Control Order and remove Korea from its list of trusted trading partners. The revised order will be signed by Minister of Economy, Trade and Industry Hiroshige Seko and co-signed by Abe. Seko said the revision would take effect Aug. 28. As of that date, Japanese exporters will require government approval each time they export a shipment of strategic items to Korea. The strategic items category comprises 1,11...
Keep on reading: Japan takes Korea off list of trusted trade partners, effective Aug. 28
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