USEUROPEAFRICAASIA 中文双语Français
Home / Business

Good that Tokyo, Seoul still willing to talk

China Daily | Updated: 2019-10-18 07:51

Editor's Note: Japan and the Republic of Korea recently held talks at the World Trade Organization headquarters in Switzerland, but as expected they failed to reach an agreement on easing Japan's tightened controls on exports of semiconductor materials to the ROK. 21st Century Business Herald comments:

Seoul accuses Tokyo of violating WTO regulations by imposing an export ban on semiconductor materials to the ROK, saying it is politically motivated, while Japan insists that the ban is only a modification of its trade system without any political motive and it does not violate WTO regulations. However, as revealed by the Japanese media, when Japan decided to impose such sanctions, its minister of economy, trade and industry said that the ROK did not give Japan a satisfactory answer on the issue of forced labor compensation, which he said harms the trust between the two countries. No wonder not only the ROK but also the Japanese business circle does not buy the Japanese government's excuses for the tightened controls on exports of semiconductor materials to the ROK.

If the Japanese government insists on cutting off the supply of materials to ROK semiconductor enterprises, it will cause a crisis for ROK enterprises' production and endanger the ROK's economy. However, supply cuts could also bring difficulties for Japanese companies that make these materials. That's because since the semiconductor production in Japan was replaced by ROK companies after 2000, Japanese and ROK companies have formed a close supply chain relationship. That means stopping such supplies would also harm Japanese companies.

Good that Tokyo, Seoul still willing to talk

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US