The continuously worsening conditions of the trade spat between Japan and Korea are indicating no signs of a solution as the two rounds for resolving the disputes that were initiated by Japanese export curbs failed to reach ground.
Both the neighboring countries held a second round of talks on Tuesday at the World Trade Organization in Geneva, Switzerland after having failed to reach a consensus at their first consultations on 11th October.
The Director General, Chung Hae-kwan who is in charge of the legal affairs at the Ministry of Trade of Japan said during a press briefing that was held in Geneva after the meeting that during both rounds of the six-hour intensive consultations, they had became more aware of one other’s measures as well as positions in the process. However, they did not think that any of the sides had changed their positions.
He added that they had pointed out that the export restrictions by Japan were both discriminatory and arbitrary. They had requested the withdrawal of these restrictions as they did not comply with the system of export control.
These talks were held after the complain of Korea regarding their export restrictions to the World Trade Organization Dispute Settlement Body, blaming Japan for carrying out the politically motivated measures as retalliation.
In July, Japan had tightened their restrictions on Korean exports of 3 high technology materials that include fluorinated polyimides, the photoresists and also hydrogen fluoride. Previously, the Supreme Court of Korea decided to hold the Japanese companies liable as they had taken advantage of forcing labors during the World War II, along with changes to their export control system.
Tags : Trade Dispute, Japan and Korea, World Trade Organization, Japanese companies,