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South Korea remains Japan’s third largest trade partner despite export curbs

South Korea remains Japan’s third largest trade partner despite export curbs

Seoul:  South Korea remained Japan’s third-largest trading partner in July, despite Tokyo’s restrictions on exports to Seoul, data showed Monday. According to the data by the Korea International Trade Association (KITA), Japan exported some 4.8 trillion won (US$4 billion) worth of goods to South Korea in July, accounting for 6.6 percent of Tokyo’s total exports. […]

Seoul files complaint with WTO over Tokyo’s export curbs

Seoul files complaint with WTO over Tokyo’s export curbs

Seoul: South Korea filed a complaint with the World Trade Organization (WTO) on Wednesday over Japan’s export curbs, upping the stakes in the unprecedented trade row between the two Asian neighbors. The move came more than two months after Tokyo started restrictions of exporting three key industrial materials to Seoul, which are essential for the […]

Seoul may strip Japan of trusted trade partner status next week

Seoul may strip Japan of trusted trade partner status next week

Seoul: South Korea may officially remove Japan from its list of trusted trading partners as early as next week, upping ante in the trade dispute between the two Asian neighbors, the country’s trade ministry said Monday. The tit-for-tat move follows Japan’s removal of South Korea from its own whitelist of nations given preferential trading terms […]

South Korea to remove Japan’s trusted trade partner status in September

South Korea to remove Japan’s trusted trade partner status in September

  Seoul: South Korea is expected to put into effect its decision to drop Japan from a list of trusted trading partners later this month, Seoul’s trade ministry said Sunday amid a growing trade row between the two Asian neighbors. Early this month, the Seoul government decided to revamp the categorization of its trading partners […]

South Korea voices willingness to talk with Japan over its ‘whitelist’ move

South Korea voices willingness to talk with Japan over its ‘whitelist’ move

  Seoul: South Korea has notified Japan in advance of its plan to remove Tokyo from its list of trusted trading partners and is willing to talk with Japan further if needed, the trade minister said on Saturday. South Korea decided on Monday to remove Japan from its “whitelist” of countries that receive preferential trade […]

Moon urges innovative growth to counter Japan’s trade pressure

Moon urges innovative growth to counter Japan’s trade pressure

President Moon Jae-in said Monday his government will redouble its push for innovative growth in South Korea’s manufacturing sector, especially by nurturing globally competitive startups, as part of a long-term response to Japan’s trade pressure. He pointed out that Tokyo’s export restrictions have added to the economic troubles facing Asia’s fourth-largest economy amid the exacerbation […]

China’s foreign trade maintains strong momentum

China’s foreign trade maintains strong momentum

China’s foreign trade has kept momentum for stable growth with ever stronger internal driving forces amid complex external environment and uncertainties. The China Import and Export Fair, the country’s largest trade fair, concluded its 125th session on May 5 in Guangzhou, capital of south China’s Guangdong Province. The fair is considered as a barometer of […]

China’s foreign trade up 4.3% in first four months

China’s foreign trade up 4.3% in first four months

China’s foreign trade saw steady development and its structure has been improved in the first four months of this year as the sector seeks high-quality growth. The country’s foreign trade of goods grew 4.3 percent year on year during this period to 9.51 trillion yuan ($1.41 trillion), customs data showed. Exports increased by 5.7 percent […]

China to seek stable, better-structured trade in 2019: commerce minister

China to seek stable, better-structured trade in 2019: commerce minister

China will take a string of measures to promote stable and higher quality growth of foreign trade this year, said Zhong Shan, China’s Minister of Commerce at a press conference for the second session of the 13th National People’s Congress (NPC) on March 9. The minister hailed China’s trade performance in 2018 as the country expanded […]

Expanded opening up prospers China’s border trade

Expanded opening up prospers China’s border trade

The prospering border trade of China is a reflection of the great vitality of the country’s opening up, as China has just celebrated the 40th anniversary of reform and opening up at the end of last year. The convenient custom clearance services at ports in Heilongjiang province and Guangxi Zhuang Autonomous Region, as well as […]

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