US, EU, Japan jointly denounce unfair trade

UNITED NATIONS: Washington, Tokyo and Brussels said Tuesday (Sep 25) they were making common cause against unfair trade, jointly denouncing industrial practices long pinned on China but refraining from naming that country explicitly. US Trade Representative Robert Lighthizer, Japanese Economy Minister Hiroshige Seko and European Union Trade Commissioner Cecilia Malmstroem “reiterated their concern with and confirmed their shared objective to address non-market-oriented policies”. In a statement issued on the sidelines of the United Nations General Assembly in New York, they said unnamed “third countries” had engaged in “severe overcapacity,” while creating unfair competitive conditions, threatening technological development and ultimately undermining global trade…