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Vice Trade Minister Says China Shows No Signs of Trade Retaliation
Still No Sign of Retaliation
Vice Trade Minister Says China Shows No Signs of Trade Retaliation
  • By Jung Suk-yee
  • July 19, 2016, 01:30
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Vice trade minister Woo Tae-hee said the government has detected no signs of China's retaliatory movement in trade following its decision to deploy the THAAD system in South Korea.
Vice trade minister Woo Tae-hee said the government has detected no signs of China's retaliatory movement in trade following its decision to deploy the THAAD system in South Korea.

 

The Korea government said that it has detected no signs of China's retaliatory movement in trade following its decision to deploy an advanced U.S. missile defense system called the Terminal High Altitude Area Defense (THAAD).

"We haven’t received any reports on China's retaliatory movements in trade," said vice trade  minister Woo Tae-hee said in a regular briefing at the Sejong Government Complex on July 18.

“The deployment of the THAAD is for the safety of the country and the people. It will not harm the national security of a third country, except for North Korea. It is undesirable for both countries to predict that the Chinese government would take action in economic retaliation“, he added.

Previously, Anhui Jianghuai Automobile Co. (JAC) decided to stop producing the iEV6s sport utility vehicle (SUV) equipped with Samsung SDI's circular batteries. In this regard, Woo said, “It is not true that the Chinese carmaker made such decision due to the THAAD announcement. The use of Samsung’s batteries will be reconsidered after passing the particular standards in around August and September.”