Japan's Minister for Economy, Trade, and Industry Nishimura Yasutoshi speaks during a meeting with US Trade Representative Katherine Tai at the White House Complex in Washington, on Jan 6, 2023. (PHOTO / AP)

TOKYO - Japan will reinstate South Korea to its "white list" for exports with fast-track trade status effective July 21, Japanese trade minister Yasutoshi Nishimura said on Tuesday, a crucial step for resolving an economic row between the two nations.

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Japan lifted export curbs on high-tech materials to South Korea in March as the nations mended ties.

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South Korea's trade ministry welcomed the move as a "complete recovery of trust between the two countries in export control". The ministry also said it would work closely with Tokyo on bilateral and multilateral export control issues in future.