Normalization of Relations: Japan Lifts Economic Sanctions on South Korea

[Voice of Hope, June 28, 2023](Comprehensive report by our reporter Wen Hui) In order to cooperate with each other and jointly deal with the threat of missiles and nuclear weapons from North Korea and the CCP’s expansion ambitions, the governments of Japan and South Korea are constantly moving towards the normalization of relations. The Japanese cabinet passed a trade management amendment on June 27, re-listing South Korea in its “white list” of international trade and lifting all economic sanctions against South Korea.

It was a response to South Korea’s earlier inclusion of Japan back on its trade “white list” and marked the latest effort by the two countries to mend ties, according to Voice of America.

In 2019, Japan removed South Korea from the list due to its history of forced labor.

Japan’s Ministry of Economy, Trade and Industry stated on the 27th that the trade between Japan and South Korea will once again enjoy the “fast track” approval process from July 21 this year.

Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura said, “Japan and South Korea will establish a framework for further review and follow-up to simplify export procedures for both sides. We will work hard to ensure that the revised system is properly implemented.”

South Korea’s Ministry of Trade, Industry and Energy responded, “The two countries have fully restored mutual trust in export control, which will help comprehensive cooperation in the future.”

According to reports, Japan recognizes South Korea as a “trustworthy and friendly country” when it comes to the export of sensitive items that can be used in weapons production, such as semiconductor materials. With the implementation of measures to return South Korea to Japan’s trade “white list”, mutual economic and security sanctions between the two countries will be lifted.

After South Korean President Yoon Seok-yue took office, he vigorously promoted the thawing of relations between Japan and South Korea, and he has seen gratifying results so far.

Satoru Nagao, an American think tank expert, once said, “In the context of the three governments of China, Russia, and North Korea holding together for warmth, a worse situation may occur. Without the cooperation of the United States, Japan, and South Korea, it is difficult to form a positive relationship between China, Russia, and North Korea.” Effective deterrence. The level of U.S.-Japan-South Korea cooperation largely depends on the development of Japan-South Korea relations, and this tripartite cooperation will rely on the United States as a bridge between Japan and South Korea.”

Responsible editor: Zhang Lili

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2023-06-29 03:36:25