Japan said it allowed exports of hydrogen fluoride to South Korea in August, disputing what it called “incorrect” media reports that said Japan stopped all such the exports, according to a Sept. 27 press release from the Ministry of Economy, Trade and Industry. Japan said “certain amounts of controlled hydrogen fluoride” have been released for export to South Korea, and that it will grant export licenses for fluorinated polyimide, resists and hydrogen fluoride if the exports of those items of concern are “verified as legitimate civil transactions.” In July, Japan added restrictions on exports to South Korea of the three chemicals commonly used in smart chips and other high tech goods (see 1907010020).
The U.S. has been heavily involved in finding a solution to the Japan-South Korea trade dispute (see 1909260019), a senior State Department official said Sept. 26, but “it’s going to take some time.”
China criticized the U.S.’s decision to sanction Chinese companies and people for transferring oil from Iran, saying it will take “necessary measures” if the sanctions are not revoked. “We strongly urge the U.S. to immediately correct its wrongdoing,” a China Foreign Ministry spokesperson said during a Sept. 26 press conference, according to a transcript in English released by the Chinese Embassy in Washington. “China has taken and will continue to take necessary measures to safeguard the legal rights and interests of its businesses.”
China’s Foreign Ministry criticized the passage of a bill in a House committee that could change Hong Kong’s special status in customs and export controls. The bill, the Hong Kong Human Rights and Democracy Act (see 1909250053), would also require the Trump administration to assess whether Hong Kong is “adequately” enforcing U.S. export control and sanctions regulations.
A top South Korean official asked a State Department official to continue to help with South Korea’s ongoing trade dispute with Japan, saying during the United Nations General Assembly that the U.S. should “continue to play a role” in the negotiations.
New regulations for customs valuation in Vietnam will take effect Oct. 15 and will include a hierarchy for valuation methods, a change in valuation of certain software and a change in valuation of borrowed goods, according to a Sept. 25 post by Baker McKenzie.
Vietnam is eliminating import tariffs on crude oil products starting Nov. 1, Vietnam's Customs’ mouthpiece CustomsNews said in a Sept. 23 report. The import tariff rate on crude oil is currently 5 percent.
Japan has agreed to World Trade Organization consultations with South Korea, Japan’s minister of Economy, Trade and Industry said Sept. 20. The minister said Japan is trying to “coordinate specific schedules through diplomatic routes,” according to an unofficial translation of the transcript from a news conference, but stood by the country’s export restrictions. “Japan's previous position that it is consistent with the WTO agreement remains unchanged,” the minister said. South Korea requested WTO consultations with Japan on Sept. 11 as the two sides continued to swap restrictive trade measures dating back to July. Japan and South Korea met in Beijing in August but did not announce substantial progress after the talks (see 1908160046).
The Commerce Department posted an updated version of its "China's 301 Retaliation Product Scope" that lists U.S. goods that are included in China's retaliatory tariffs. The updated list includes Chinese tariff increases that took effect Sept. 1.
China and Russia signed several trade-related agreements when the two sides met in Russia last week, China’s Ministry of Commerce said in a Sept. 19 press release. The two countries signed a “number of pragmatic cooperation documents” to expand trade and “voice support for the multilateral trading system,” China said, according to an unofficial translation. The two sides said they support the World Trade Organization and announced their intention to ratify an “upcoming ‘China-Eurasia Economic Union Economic and Trade Cooperation Agreement,’” China said.