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S. Korea's ruling party, gov't, Blue House agree to cooperate to resolve trade dispute with Japan Updated: 2019-11-29 09:43:14 KST

Top of the three sides' agenda was Seoul's decision late last week to conditionally extend GSOMIA.
During their meeting at the National Assembly on Friday, senior lawmakers from the ruling party and top officials from the government and the presidential office agreed the decision was appropriate and timely.
And with Japan agreeing to hold a director-level meeting next week, they expressed hope the talks will be an opportunity to start rebuilding frayed relations between Seoul and Tokyo.

"Considering the latest progress between Seoul and Tokyo as momentum for change, the trade ministry will work to swiftly solve the trade dispute. We hope Japan seriously engages in the talks and we can resolve the problem together."

After their hour-long closed door meeting, the three sides agreed on the need to further communicate with Tokyo until it agrees to withdraw its trade curbs against South Korea, and put Seoul back on its list of trusted trade partners.
However, the three sides stressed that efforts are needed to develop the nation's manufacturing competitiveness to protect the South Korean economy from similar incidents that might happen in the future.

"The ruling party, government and the Blue House agreed that South Korea should continue efforts to strengthen its manufacturing of industrial materials, parts and equipment for innovative growth."

The ruling Democratic Party said it will work to pass related legislation in the National Assembly and actively promote the need to pass a proposed 1.8 billion U.S. dollar budget in the area for 2020, which is double last year's amount.
The top office also promised utmost efforts to strengthen related policies and ensure the planned negotiations with Japan go smoothly.

"We'll make sure the high-level negotiations with Japan will be held without a hitch. The government will keep implementing policies to develop the local industrial materials and equipment sectors."

On the diplomatic front, the three sides also pledged continued efforts to narrow differences with Japan to find a wise solution on the compensation dispute over Tokyo's wartime forced labor of Koreans.
Kim Mok-yeon, Arirang News.
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