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Seko says seeking explanation for South Korea’s removal of Japan trade status By Reuters

Seko says seeking explanation for South Korea's removal of Japan trade status By Reuters

ECONOMIC NEWS

Seko says seeking explanation for South Korea’s removal of Japan trade status By Reuters



TOKYO (Reuters) – Japanese industry minister Hiroshige Seko said on Thursday that South Korea’s reason for deciding to revoke Japan’s preferential trade status was unclear and that he was seeking a detailed explanation.

Seko also told a news conference there would be little impact from the move on Japan’s economy.

South Korea on Monday said it would remove Japan from a list of countries with fast-track trade status from September, citing problems with export control measures. The move deepens a diplomatic rift between the two Asian neighbors.

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