Japan, South Korea Agree to Boost Export Control Coordination

Japan and South Korea signed a “memorandum of cooperation” on export controls last week to better collaborate around the trade measures, according to an unofficial translation of a July 11 news release from Japan’s trade ministry. As part of the memorandum, both sides agreed to hold export control policy dialogues on a “regular basis,” look to “enhance their export control systems and operations while referring to the other's export control systems,” and “take appropriate measures, including reviewing their respective export control systems and operations.”