India and 13 Countries Urge Global Action to Curb Excess Industrial Production

India, along with 13 other countries, has called for coordinated global efforts to reduce excess industrial production that distorts markets and harms domestic industries. The joint statement was issued during the OECD Trade Committee meeting in Washington. The countries, including the US and EU members, pledged to work through sectoral platforms to address structural excess capacity and production in key sectors.

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