South Korea will remove Japan from preferred trade list

South Korea has decided to remove Japan from its preferred trade list. South Korea has taken this decision because Japan has failed to uphold international principles while managing its export controls on sensitive materials. Preferred trade list is a list of nations receiving preferential treatment in trade.

Static/Current Takeaways Important For RRB NTPC Mains:

  • Capital of Japan: Tokyo; Currency: Japanese yen; PM: Shinzo Abe.
  • Capital of South Korea: Seoul; Currency: South Korean won.

Source: The Hindu

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