Economics
G-7 Trade Chiefs Want Stronger Rules on Subsidies; See WTO Role
- Ministers want to tackle unfair technology transfers to states
- European Union, U.S. are set to endorse the drive next week
Photographer: Scott Eells/Bloomberg
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Trade ministers from the world’s seven largest advanced economies want to bolster regulations on industrial subsidies and curb actions by state-owned companies that distort trade, and they see the World Trade Organization playing a pivotal role in addressing the problems.