On the margins of the OECD Trade Committee, the US and 14 economies signed a joint ministerial statement to address structural excess capacity and production in key manufacturing sectors. The initiative launches multilateral work on non-market practices contributing to global overcapacity. This is a named plurilateral policy outcome with direct trade remedy and market access implications.
Official NewsUstrUnited States
Fourteen Economies Sign Joint Ministerial Statement on Global Excess Capacity in Key Manufacturing Sectors
Original: Fourteen Economies Join the United States in Signing a Joint Ministerial Statement to Address Global Excess Capacity and Production in Key Manufacturing Sectors