Business StandardCenter·
India, 13 nations call for global action to curb excess industrial capacity
India and 13 other countries have called for coordinated global action to curb excess industrial production that distorts markets, hurts domestic industries and contributes to an imbalance between supply and demand. The countries issued a joint statement on Wednesday after meeting on the sidelines of the Organisation for Economic Co-operation and Development (OECD) Trade Committee deliberations in Washington. "We call on all countries to take steps to eliminate structural excess capacity and pr…
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