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No more playing chicken

19 0 0
Seoul, Tokyo should not miss opportunity to mend fences

South Korean and Japanese negotiators met in Geneva, Friday, to find a solution to the dispute over Seoul's complaint with the World Trade Organization (WTO) about Tokyo's "unilateral" export restrictions.

The negotiators failed to reach an agreement, but agreed to meet again for further talks.

Chief South Korean delegate Chung Hae-kwan said the additional talks may take place before Nov. 10, and if there is no deal in the next talks, South Korea would ask the WTO to establish a panel for dispute settlement. Then it may take years for the WTO to settle this problem.

It is not good for Seoul and Tokyo to drag out the dispute amid increasing uncertainties over the global economy. This is all the more so because the bilateral trade dispute........

© The Korea Times