G-20 trade ministers to reinforce rules on subsidies

Politics Economy

Trade and investment ministers in the Group of 20 major economies affirmed the need to reinforce international rules on industrial subsidies to ensure fair competition, according to a statement released Wednesday by G-20 ministers. The statement to address government subsidies distorting the market, released after their meeting Tuesday in Sorrento, Italy, is apparently aimed at China, a G-20 member that treats state-owned companies favorably with subsidies and other measures. "We will continue to work to ensure a level playing field to foster an enabling business environment and to support the...

Kyodo News

Kyodo News