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It is regrettable that the Ministerial Meeting of the World Trade Organization (WTO) has been put off and it has become difficult to reach agreement on the modalities of the WTO Doha Round negotiations by the end of the year, despite the strong statements issued at the Summit Meeting on Financial Markets and the World Economy and the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting.
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Growth of the world economy through trade expansion is essential, given the current severe economic conditions. Japan will continue to make strenuous efforts for the early conclusion of the Doha Round negotiations. In respect of agriculture, on which various discussions have taken place in the negotiations thus far, Japan intends to further strengthen its domestic agricultural sector.
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In order to counter protectionism, Japan intends to strongly urge WTO members to refrain from putting in place new barriers to trade and investment, including export restrictions at WTO meetings.
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