May 4, 2018 / 2:44 AM / a year ago

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

FILE PHOTO - Police officers are seen in front of a cargo ship with containers at a port in Qingdao, Shandong province, China April 6, 2018. REUTERS/Stringer

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.

Reporting by Stanley White; Editing by Sam Holmes

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