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Japan, US, EU trade ministers agree on challenges to world trade

( December 12, 2017, 21:41 GMT | Official Statement) -- MLex Summary: Cecilia Malmström, European Commissioner for Trade, Mr. Hiroshige Seko, Minister of Economy, Trade and Industry of Japan and Ambassador Robert E. Lighthizer, United States Trade Representative, met on the sidelines of the World Trade Organization meeting in Buenos Aires. The trade leaders issued a statement identifying, "severe excess capacity in key sectors exacerbated by government-financed and supported capacity expansion, unfair competitive conditions caused by large market-distorting subsidies and state owned enterprises, forced technology transfer, and local content requirements and preferences" as key challenges in the global trading system.Statement follows in full:...

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