EU, U.S., Japan agree to cooperate to end excess factory capacity

EU, U.S., Japan agree to cooperate to end excess factory capacity

MARCOS BRINDICCI

The statement did not name China but it reflected long-standing concerns among major industrial countries over Beijing's trade practices, ranging from subsidies for state-owned enterprises to technology transfer requirements for foreign companies.

"We, to address this critical concern, agreed to enhance trilateral cooperation in the WTO and in other forums, as appropriate, to eliminate these and other unfair market distorting and protectionist practices by third countries," the statement said.

(Reporting by Lesley Wroughton; Editing by Susan Thomas)

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