US and 14 economies sign joint statement on excess capacity
What happened
The U.S. Trade Representative convened officials from 14 economies at the OECD Trade Committee to sign a Joint Ministerial Statement calling on all countries to end non-market policies that distort markets and perpetuate structural excess capacity in key manufacturing sectors. Signatories include Argentina, Australia, Canada, the EU, France, Germany, India, Italy, Japan, South Korea, Mexico, Poland, Türkiye and the UK. The statement does not name any specific country, but targets policies widely associated with China's state-driven industrial model. This represents a coordinated multilateral effort to address global manufacturing overcapacity through collective pressure on market-distorting practices.
Written by AI from the reports · updated 1 h ago
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- USTR (press releases)Selected14 economies sign joint statement with U.S. on excess capacity in key manufacturing sectors
The U.S. Trade Representative convened officials from 14 economies at the OECD Trade Committee to sign a Joint Ministerial Statement addressing structural excess capacity in key manufacturing sectors. The statement calls on all countries to end non-market policies that distort markets, with signatories including Argentina, Australia, Canada, EU, France, Germany, India, Italy, Japan, South Korea, Mexico, Poland, Türkiye and the UK. 美国与14个经济体签署联合部长声明应对关键制造业产能过剩 美国贸易代表在经合组织贸易委员会期间召集14个经济体官员签署联合部长声明，旨在应对关键制造业的结构性产能过剩问题。声明呼吁各国结束扭曲市场的非市场政策，签署方包括阿根廷、澳大利亚、加拿大、欧盟、法国、德国、印度、意大利、日本、韩国、墨西哥、波兰、土耳其和英国。
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