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Joint Statement on Trilateral Meeting of Trade Ministers Released

September 25, 2018

On September 25 (Tue.), 2018, Mr. Hiroshige Seko, Minister of Economy, Trade and Industry, attended the Fourth Trilateral Meeting of the Trade Ministers of the United States, Japan, and the European Union in New York City, the United States. At the meeting, the three parties agreed on a joint statement on the Trilateral Meeting of the Trade Ministers.

Fourth Trilateral Meeting of Trade Ministers

Minister Seko, the chair of the meeting, H.E. Dr. Robert E. Lighthizer, United States Trade Representative, and H.E. Dr. Cecilia Malmström, European Commissioner for Trade, held the Fourth Trilateral Meeting of Trade Ministers. They focused on the three fields on which they had agreed at the third meeting held in May 2018, (i.e., rules on industrial subsidies, forced technology transfer and market-oriented conditions), and held discussions on the progress of the past working-level efforts for these fields and on the way forward.

Specifically, the Ministers recognized the progress of their work towards strengthening rules on industrial subsidies and expressed their intention to advance their respective internal steps before the end of 2018. Moreover, concerning the two fields of forced technology transfer and market-oriented conditions, they agreed to exchange information, such as analyses of market-distorting measures by third countries and to deepen discussions on enforcement and rule-making.

Furthermore, concerning the WTO reform, the Ministers shared the basic stance that like-minded members should initiate discussions from the issues that are ready to be discussed, and they agreed as a first step to co-sponsor a transparency and notification proposal and promote the strengthening of regular committees’ activities.

Moreover, the Ministers deepened discussions on digital trade, investment control, export credits and cooperation at multilateral fora, and other issues, and went on to agree on a joint statement as an outcome of the discussions at the meeting.

Division in Charge

Multilateral Trade System Department, Trade Policy Bureau