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Release of the White Paper on International Economy and Trade 2018

July 10, 2018

The Ministry of Economy, Trade and Industry (METI) released the 2018 version of its annual White Paper on International Economy and Trade, which was reported to the Cabinet on July 10, 2018.

Highlights of the White Paper

The global economy is now facing significant shifts, for example; movements against the free trade system under the WTO; advancement of digital transformation including expanding digital trade; and the rise of China and other emerging and developing economies.

The White Paper 2017 focused on the first shift mentioned above, and analyzed the issues surrounding inequality in developed economies and relationships between trade and inequality. The White Paper 2018 focuses on the remaining two shifts.

First, the White Paper 2018 explains the current situation of digital economy expanding worldwide and uncovers challenges that digital trade is facing.

In addition, the White Paper focuses on the characteristics of economic growth in emerging and developing economies and related issues as a result of such economic growth.

Furthermore, the White Paper multilaterally analyzes the rapid change in the Chinese economy, which has been growing remarkably even among emerging and developing economies, including the perspective of business opportunities in a growing consumer market.

Through the analysis mentioned above, the White Paper points out the necessity of free, fair and high-level trade rules in order to address recent challenges in trade, and further efforts for the vitalization of Japanese industries.

Appendix

Division in Charge

Policy Planning and Research Office, Trade Policy Bureau

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