15 economies sign US-led statement to address industrial overcapacity

India: India is a rapidly growing major economy with expanding manufacturing ambitions. It joined the United States and partners in signing the statement on industrial overcapacity. India participated in the recent G20 trade ministerial discussions. Italy: Italy is a key European economy with strengths in manufacturing and design sectors. It signed onto the joint statement against excess capacity in critical industries. Italy engaged in the G20 trade talks that resulted in the agreement. Japan: Japan is a leading global economy known for its advanced manufacturing and technological innovation. It signed onto the U.S.-led joint ministerial statement addressing structural excess capacity in key sectors. Japan engaged in the recent G20 trade talks in Milwaukee that produced the declaration. Canada: Canada is a key North American economy with integrated manufacturing and trade ties to the United States. It joined the U.S.-led effort by signing the ministerial statement on overcapacity. Canada participated in the recent G20 trade ministerial meetings in Milwaukee. France: France is a leading European economy with significant industrial and manufacturing capabilities. It joined other signatories in the U.S.-led statement on industrial overcapacity. France participated in the G20 trade ministerial that advanced the initiative. Mexico: Mexico is a major North American economy with deep manufacturing and supply chain integration. It joined the signatories of the U.S.-led statement on structural overcapacity. Mexico participated in the G20 trade ministerial in Milwaukee. Poland: Poland is a dynamic European economy with growing industrial and manufacturing sectors. It signed the joint ministerial statement addressing overcapacity concerns. Poland took part in the recent G20 discussions on trade issues. Turkey: Turkey is a significant economy bridging Europe and Asia with diverse manufacturing interests. It joined the group signing the statement on industrial overcapacity. Turkey participated in the G20 trade ministerial that produced the declaration. Germany: Germany is Europe's largest economy and a powerhouse in automotive, machinery, and advanced manufacturing. It signed the joint ministerial statement addressing structural overcapacity. Germany took part in the G20 talks in Milwaukee that led to the new cooperation platforms. Argentina: Argentina is a South American economy with interests in agriculture, energy, and manufacturing. It joined the group of economies signing the statement on addressing industrial overcapacity. Argentina participated alongside other signatories in the G20 trade ministerial process. Australia: Australia is a major economy with strengths in resources, agriculture, and manufacturing. It signed the joint statement against structural overcapacity in manufacturing sectors. The country took part in the G20 discussions that informed the new platforms for cooperation. South Korea: South Korea is a major advanced economy with significant strengths in manufacturing, technology, and exports. It joined the United States and other partners in signing the joint statement on industrial overcapacity. The country participated in the G20 trade ministerial discussions that led to the agreement. United States: The United States is the leading global economy and a major driver of international trade policy. It initiated and hosted the joint ministerial statement on industrial overcapacity through its trade office following G20 discussions in Milwaukee. The effort builds on recent U.S. priorities to protect domestic manufacturing sectors from structural distortions. European Union: The European Union is a major economic bloc representing multiple member states in trade and regulatory matters. It signed the joint statement expressing resolve to tackle excess capacity through dedicated sectoral platforms. The EU engaged in the G20 trade discussions that produced the agreement. Jamieson Greer: Jamieson Greer serves as the U.S. Trade Representative, leading U.S. efforts on international trade policy. He presented the case for action against overcapacity at the close of the Milwaukee G20 meeting. Greer represented the United States in advancing the new sectoral platforms. United Kingdom: The United Kingdom is a major global economy with strengths in finance, manufacturing, and trade. It signed the U.S.-led joint statement on addressing structural excess capacity. The UK engaged in the G20 trade talks in Milwaukee. U.S. Trade Representative: The U.S. Trade Representative serves as the primary federal agency responsible for developing and coordinating U.S. international trade policy and negotiations. Its office released the joint statement signed by 15 economies and emphasized the need for sector-specific platforms to address overcapacity issues. Jamieson Greer, in this role, outlined the case at the conclusion of the Milwaukee G20 trade ministers' meeting. Sectoral Focus Areas: Signatories identified overcapacity risks in autos, electric vehicles, batteries, chemicals, foundational semiconductors, and solar panels as priorities for new cooperation platforms. International Alignment: Fourteen economies joined the United States in the declaration, with technical meetings planned before December to define scope and share information on the issue. Trade Policy Initiative: The statement emerged from G20 trade ministerial discussions in Milwaukee focused on structural overcapacity alongside other topics such as supply chain issues.