Japan to reinstate South Korea as preferred trade nation from July 21 ...Middle East

Japan announced a decision on Tuesday to reinstate South Korea as a preferred nation with fast-track trade status starting July 21, virtually ending a four-year economic row that was further strained during their bitter historic disputes. Trade Minister Yasutoshi Nishimura told reporters that Japan and South Korea have also agreed to set up a framework to review and follow up on the systems as needed. Japan and South Korea have been rapidly mending their ties as they deepen three-way security cooperation with Washington in response to growing regional threats from North Korea and China. A reinstatement of South Korea's preferential status next month would end a four-year trade dispute that b

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