In Tokyo, Japan and Britain’s economy and foreign ministers convened for their inaugural “two-plus-two” dialogue on the economy, emphasizing the promotion of free and open international trade. Amid concerns over U.S. President Donald Trump’s tariff threats targeting countries like Canada, Mexico, and China, the ministers underlined the need to combat trade fragmentation detrimental to the global economy. While refraining from direct references to Trump, the discussions focused on advocating for fair, rules-based international trade practices.
The ministers pledged to collaborate closely on World Trade Organization matters, addressing contemporary trade issues such as nonmarket policies, practices, and climate change. They reiterated their dedication to advancing WTO reforms and supporting the transition to clean energy in developing nations. Emphasizing the significance of robust international rules and norms, the officials committed to leveraging existing tools to ensure a level playing field globally.
Notably, Japan and Britain, ranking as the fourth- and sixth-largest economies worldwide, have bolstered their economic partnership in recent years. The dialogue underscored their shared commitment to enhancing cooperation, advocating for transparent international trade, and fostering sustainable economic growth on a global scale.