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U.S., Japan, EU agree on tougher rules against trade-distorting subsidies

  • January 16, 2020
  • , Asahi, Mainichi
  • JMH Summary
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Asahi wrote that trade ministers from the United States, Japan, and the EU agreed on Tuesday to tighten the existing WTO rules against trade-distorting subsidies. The paper speculated that this is one of their moves to enhance their cooperation against China’s industrial subsidy policy. The paper wrote that USTR Lighthizer, Economy, Trade, and Industry Minister Kajiyama, and European Commissioner for Trade Hogan agreed on four new types of subsidies that should be unconditionally banned, such as those with unlimited guarantees and those granted to an insolvent or ailing enterprise in the absence of a credible restructuring plan. Mainichi ran a similar report.

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