South Korea files complaint at WTO against China

Economy | Politics 3/20/2017, 8:25 AM
South Korea files complaint at WTO against China

Joo Hyung-hwan, minister of trade in the government in Seoul, said on Monday that an appeal was made to the World Trade Organization because South Korea considers China's latest measures retaliation for the deployment of the Terminal High Altitude Area Defense (THAAD). He made the remarks in the country's parliament and Yonhap reported the filing cites the breach of international regulations in the areas of tourism and retail.

The United States Army's anti-ballistic missile system has angered the authorities in the most populous nation, triggering curbs in sectors including bilateral tourism and cultural exchange. Music performances have been canceled and domestic companies have reported prolonged customs procedures, with goods stuck at checkup points. Joo said evidence is being gathered the measures are retaliatory, as China's government does not admit it is violating rules.

TeleTrader Newsroom / IT