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Release of the White Paper on International Economy and Trade 2019

July 16, 2019

The Ministry of Economy, Trade and Industry (METI) released the 2019 version of its annual White Paper on International Economy and Trade, which was presented to the Cabinet on July 16, 2019.

Highlights of the White Paper

As global trade value expands and global value chains (GVC) develop, the global economy continues to become ever more integrated. Simultaneously, in last several years, the world has been facing a surge in protectionism, raising concerns over the potential malfunctioning of the multilateral trading system.

The White Paper 2019 examines the current state of affairs regarding globalization and GVCs, and analyzes the history of protectionism, the background to trade restrictive measures, and the negative impacts caused by such measures. Through these steps, the White Paper presents the case for establishing a new rule-based international trade system.

Moreover, the White Paper analyzes the current situation including Japan’s economic relationships with other countries and related challenges, and examines the position of Japanese companies in overseas markets, in particular in Asia, and shows future directions toward which they should aim.

Through the analysis mentioned above, the White Paper presents perspectives that Japan should adopt in advancing its trade and industrial policies.

Appendix

Division in Charge

Policy Planning and Research Office, Trade Policy Bureau

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