Japan, China, S.Korea vow to oppose protectionism

May 02, 2019

Business
Japan, China, S.Korea vow to oppose protectionism

Tokyo (Japan) May 2: The finance ministers and the central bank governors of Japan, China and South Korea have renewed their opposition to trade protectionism.
They met in the South Pacific country of Fiji on Thursday ahead of the opening of the Asian Development Bank's annual conference.
The finance ministers and central bank heads issued a joint statement after the talks. They noted increasing difficulties in the global economy due to risks such as US-China trade friction.
The financial leaders stated that the three countries will stand up to any forms of trade protectionism. They reconfirmed that Japan, China and South Korea will promote multilateral trade based on rules and cooperate further for sustainable world economic growth.
About 2,400 officials from 68 countries and territories are taking part in the three-day ADB conference that will run until Saturday. Japan is represented by Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda.
Source: NHK World