Japanese and Chinese trade ministers have decided to create a system for talking about export controls. This move suggests efforts to improve economic cooperation after a time of tense relations between the two countries.
Japanese Trade Minister Yasutoshi Nishimura mentioned that these discussions could contribute to stabilizing relations. He stated, “We will have serious talks with Chinese officials to build a positive and steady relationship between Japan and China.” This statement followed discussions with his counterpart, Wang Wentao, during an Asia-Pacific Economic Cooperation meeting in San Francisco.
Officials in charge of export controls, specifically at the level of director-general and section chief, are expected to engage in a dialogue, as reported by the Yomiuri newspaper.
China has recently placed restrictions on exporting certain materials, such as metals used in chipmaking like gallium. Additionally, there are expectations of China limiting exports of graphite, which is used in batteries, starting in December.
The purpose of these talks is to prevent an increase in trade disputes with China that could lead to retaliatory actions. The goal is to find solutions and maintain stable trade relations.
Before going to the U.S. for the APEC meeting, Kishida, Japan’s leader, told reporters that no decision has been made about meeting China’s leader, Xi Jinping, during the event.
Kishida emphasized that the fundamental approach is for both sides to work towards keeping their relationship stable and positive. He stated, “Our main goal is to keep talking and connecting with China in different ways.”
China and Japan have historically faced challenges in their relationship, and tensions have been heightened in recent months.
In August, Japan angered China by starting to release treated radioactive water from the damaged Fukushima nuclear plant into the ocean.
Last month, China officially arrested a Japanese executive from Astellas Pharma, a Japanese drug company, on suspicion of espionage. This arrest has created a tense atmosphere for business, according to Japanese officials.
Featured image credit: The Japan Times