Tokyo, May 29 (Jiji Press) – Trade ministers from the major industrialized countries of the Group of Seven and the European Union have agreed to work together to correct unfair trade policies and practices.
The deal was reached during the second day session of an online meeting between ministers.
In order to revive the global economy, which has been hit hard by the novel coronavirus pandemic, they will aim to rectify protectionist measures, such as the attempt to over-secure medical products to prioritize national needs and the allocation of massive subsidies. to national industries.
From Japan, Foreign Minister Toshimitsu Motegi and Economy, Trade and Industry Minister Hiroshi Kajiyama attended the meeting online.
Japan is ready to constructively engage in international efforts to distribute coronavirus vaccines around the world, including developing countries, Motegi said.
[Copyright The Jiji Press, Ltd.]