U.S. and 14 other economies sign statement on manufacturing excess capacity, building on G20 trade talks in Milwaukee
The U.S. Trade Representative said the signatories expressed collective resolve to work together in new, dedicated sectoral platforms to address structural excess capacity in certain manufacturing sectors.
What we know
- Fourteen economies joined the United States in signing a Joint Ministerial Statement, according to the Office of the U.S. Trade Representative. [1]
- The statement expresses a shared resolve to work in new, dedicated sectoral platforms. [1]
- The platforms are meant to address structural excess capacity and production in certain manufacturing sectors. [1]
- Not yet confirmed: The Office of the U.S. Trade Representative did not name the 14 other economies in its post, and it did not say which manufacturing sectors the platforms will cover. It also gave no timeline for setting them up. The post did not say where or when the statement was signed.
Fourteen economies joined the United States in signing a Joint Ministerial Statement, the Office of the United States Trade Representative said in a post on X on Oct. 7. [1]
According to the office, the statement expresses the signatories' collective resolve to work together in new, dedicated sectoral platforms. [1]
The office said those platforms are meant to address structural excess capacity and production in certain manufacturing sectors. [1]
The post said the signing built on what it called productive discussions at the G20 Trade Ministerial in Milwaukee. [1]
The post did not say where or when the statement was signed. It also did not list the participating economies or the sectors to be covered, and it did not describe how the platforms would be organized or when they would begin work.