Beijing, Oct. 11 (chinamil) -- South Korea and Japan will hold a ministerial consultation on the dispute settlement mechanism of the world trade organization (wto) in Geneva Monday, south Korean media reported. South Korea's chief representative, the ministry of industry and commerce, new commercial order cooperation officer ding haiguan said earlier that the dispute should be resolved as soon as possible.
Ding haiguan said that the south Korean side will clarify at the meeting that Japan's trade restrictions violate the wto agreement and discuss the agreement between the two sides based on this. There may be one or two more consultations.
He pointed out that if it is difficult to reach an agreement, South Korea will use the wto dispute settlement body (DSB) to objectively justify Japan's trade restrictions.
According to reports, consultations under the wto dispute settlement mechanism are generally attended by department-level officials, but due to the seriousness of the problem, this consultation has raised the level of chief representative to the level of bureau. This is the first high-level consultation between the two sides after Japan's trade restrictions.
On the early morning of September 18 local time, the ministry of industry, trade and industry of the republic of Korea (rok) officially announced the implementation of the revised notice on import and export of strategic goods, removing Japan from the "white list" of exports. Japan had previously removed South Korea from the export "white list" on August 28.