USTR said trade ministers from 14 economies joined the United States in a joint statement after an OECD Trade Committee meeting, committing to sectoral platforms on structural excess capacity.
The Office of the United States Trade Representative said on Wednesday that 14 economies joined the United States in a joint ministerial statement on structural excess capacity in manufacturing. The statement was signed on the margins of the OECD Trade Committee, after G20 trade ministers met in Milwaukee on Sept. 30 and Oct. 1.
Signatories listed by USTR are Argentina, Australia, Canada, the European Union, France, Germany, India, Italy, Japan, the Republic of Korea, Mexico, Poland, Turkiye, the United Kingdom and the United States. They agreed to work through dedicated sectoral platforms to examine excess capacity and to call on countries to end non-market policies they say sustain it.
Ambassador Jamieson Greer said economies had raised cases in which production persistently exceeded global demand and was supported by foreign government practices. He said the administration would keep engaging partners to defend US industries and workers. The statement does not itself impose tariffs or name a single country as the target.
Technical-level meetings are to be held before December 2026 to draft terms of reference and share non-confidential data, according to accounts of the statement carried by Indian news agencies. USTR said the text is published on its site.
This is one agreement. It is not reported separately for each signatory.
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- Jamieson Greer said unchecked excess capacity would continue to cripple domestic industries and displace local production.