Ministerial Meeting on Japan’s Trade Curbs
Ministers Meet to Discuss Recent Developments in
Japan’s Trade Curbs
Deputy Prime Minister Hong Nam-ki presided over the Ministerial Meeting on Japan’s Trade Curbs[1], held on July 16. The meeting was the second one following the first one held last week, and is expected to be called regularly. Participants discussed the most recent developments in the trade curbs and reviewed plans to deal with them.
The meeting focused on ways to minimize losses that may be incurred to Korean companies if the trade curbs would be imposed as planned, and also on issues more fundamental, such as ways to reduce reliance on Japan’s high-tech materials.
Participants agreed that the government should be well prepared for meetings with the Japanese government, as well as for cooperation with major countries, IBs, credit rating agencies and international organizations.
[1] Ministers who attended the meeting were Minister of Trade, Industry and Energy, Minister of Environment, Minister of Employment and Labor, Chairman of Financial Services Commission, Minister for Government Policy Coordination at Prime Minister’s Secretariat, Vice Minister for Science, Technology and Innovation at the Ministry of Science and ICT, Vice Minister of Foreign Affairs, Minister for Trade at the Ministry of Trade, Industry and Energy, and Vice Minister of SMEs and Startups
Please refer to the attached pdf
