World Ch. Schedule : WED 20:30 KST
* Date : 2019-09-26
Korea and Japan, which had been at odds over Tokyo's export controls, will face off again at the WTO.
South Korea has accused Japan of violating trade rules based on GATT and TFA with its export curbs.
Japan meanwhile, has agreed to hold a bilateral consultation with South Korea on the dispute settlement.
Consultation is the first step of the WTO dispute settlement. If the two sides fail to resolve the issue through talks, South Korea could ask the WTO to establish a panel.
The dispute could be settled within two months at the earliest. But it could also take up to three years if things don't work out well between the two sides.
As trade measures continue to affect both South Korea and Japan, it is to be seen whether the two sides would lower their guards to mend the ties.
We will discuss with global and domestic experts about whether the WTO lawsuit could be a solution to the fraying Seoul-Tokyo ties.