Asia

Asia

Japan, China to hold regular talks on trade - MEDIA

15 November 2023 15:38 (UTC +04:00)

Japanese and Chinese trade ministers have agreed to establish a framework to discuss export controls, Japanese media reported on Wednesday, indicating steps on economic cooperation after a period of strained ties between the neighbours, APA reports citing Reuters.

Japanese Trade Minister Yasutoshi Nishimura said the talks could help stabilise relations.

"We will hold firm discussions with Chinese officials to build constructive and stable Japan-China relations," Nishimura was quoted as saying after talks with his counterpart, Wang Wentao, on the sidelines of an Asia-Pacific Economic Cooperation meeting in San Francisco.

The dialogue is expected to be held by officials at the level of director-general and section chief, who are in charge of export controls, the Yomiuri newspaper reported.

China has recently imposed curbs on the exports of some materials, including chipmaking metals like gallium, and is expected to restrict exports of graphite, used in batteries, in December.

The talks are aimed at preventing an escalation of retaliatory trade disputes with China, the Yomiuri reported.