Japanese Prime Minister Shinzo Abe called Tuesday on the Organization for Economic Cooperation and Development to play a key role in promoting fair international trade rules, stressing the importance of creating a new economic order based on healthy competition.
For its part, Japan will accelerate efforts to conclude multinational free trade negotiations, including a deal with the European Union and a large-scale Pacific tariff-cutting pact, Abe said in a speech at a ministerial meeting of the OECD in Paris.
“Together with nations sharing basic views, I will create a big economic zone that ensures free competition under fair rules,” Abe said.
“More countries will want to participate (in the zone), but they would have to assent to the new economic order,” Abe added, apparently in a warning to nations such as China, which are often accused of breaking international trade rules.
“The OECD has a mission to disseminate fair rules to the world,” Abe said.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.