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Minister Saito Visits Italian Republic

July 18, 2024

From Monday, July 15, to Friday, July 19, 2024, Mr. Saito Ken, Minister of Economy, Trade and Industry, visited the Italian Republic and attended a G7 Trade Ministers’ Meeting. At the meeting, participating ministers held discussions on responses to certain issues, including non-market policies and practices and excess capacity, to maintain and strengthen the rules-based international economic order. Following this, they adopted a trade ministerial statement.

1. G7 Trade Ministers’ Meeting

(1) Overview

*Note: Australia, India, the Republic of Korea, Kenya, Chile, Türkiye, New Zealand, Brazil, Viet Nam, the OECD, and the WTO

(2) Minister Saito’s statements (summary)

Minister Saito made remarks as follows at the respective sessions.

Outreach session: Supply chain resilience

Session 1: WTO priorities in the wake of MC13/ Level Playing Field

Session 2: Trade and environmental sustainability

Session 3: Economic resilience and economic security

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2. Exchanging views with participating ministers

Minister Saito exchanged views with some ministers of participating countries on bilateral economic ties.

(1) H.E. Dr. Ömer Bolat, Minister of Trade, the Republic of Türkiye (Tuesday, July 16)

The two ministers exchanged views on the expectations for holding a Japan-Türkiye Trade and Investment Summit (TRINS) and on further enriching economic ties in the collaborative efforts to support third countries as well as on the acceleration of negotiations for the early conclusion of a Japan-Türkiye EPA, which are efforts taken on the occasion provided by the opportunity of the 100th anniversary in 2024 since the establishment of diplomatic relations between Japan and Türkiye.

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(2) H.E. Dr Robert Habeck, Vice-Chancellor and Federal Minister for Economic Affairs and Climate Action, the Federal Republic of Germany (Tuesday, July 16)

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The two ministers exchanged views on enhancing collaboration as part of bilateral ties in placing economic security at the core.

(3) H.E. Mr. Antonio Tajani, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, the Italian Republic (Wednesday, July 17)

The two ministers held discussions on cooperation in G7 meetings under the presidency of Italy and the development of bilateral economic ties.

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(4) H.E. Ms. Mary Ng, Minister of Export Promotion, International Trade and Economic Development, Canada (Wednesday, July 17)

The two ministers welcomed the progress of Japan-Canada economic cooperation. Bearing in mind that the two MOCs signed in September 2023 which are about battery supply chains as well as industrial science and technology respectively, Minister Saito expressed that Japan would like to continue to closely cooperate with Canada as a partner sharing the common values.

Along with this, Japan confirmed with Canada their collaboration in the WTO, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and G7. Canada chairs CPTPP this year and will do G7 meetings next year.

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3. Visiting a plant in Reggio Calabria operated by Hitachi Rail Limited

On July 17, Minister Saito visited a plant in Reggio Calabria operated by Hitachi Rail and received explanations from the staff on the company’s railway system project. In addition, he held a meeting to exchange views with stakeholders on business development in Europe.

Related Materials

Division in Charge

Information on the G7 Trade Ministers’ Meeting:

International Economic Affairs Department, Trade Policy Bureau

Information on the meetings with Minister Habeck and Minister Tajani as well as on the visit to the plant of Hitachi Rail:

Europe Division, Trade Policy Bureau

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