Japan, China, South Korea finance leaders warn of rising trade protectionism

MANILA (Reuters) – Finance leaders of Japan, China and South Korea on Friday warned of the risks of protectionism and agreed to ensure open and rule-based multilateral trade.

The three countries said geopolitical uncertainty is a source of risk to the global economy, according to a statement issued after their meeting.

The three countries welcomed a declaration between the leaders of North Korea and South Korea to denuclearize the Korean peninsula in a statement after their meeting.

The trilateral meeting was held on the sidelines of the Asian Development Bank’s annual meeting in Manila.

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