Current:Home > InvestG-7 nations back strong supply chains for energy and food despite global tensions -TradeGrid
G-7 nations back strong supply chains for energy and food despite global tensions
View
Date:2025-04-14 16:28:31
TOKYO (AP) — Trade and economy officials from the Group of Seven wealthy democracies strengthened their pledge Sunday to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties.
The nations promised to maintain “a free and fair trading system based on the rule of law and enhancing economic resilience and economic security,” officials said in a joint statement.
Foreign Minister Yoko Kamikawa, who co-hosted the two-day event in the western city of Osaka, pointed to Russia’s invasion of Ukraine and the Israel-Hamas war as the latest threats to stable energy and food supplies.
“We nations that share important values have a position of responsibility amid growing uncertainties,” she said in closing the meeting, stressing democracy, inclusiveness and human rights.
Worries are growing among developed nations about maintaining a stable supply of computer chips as well as essential minerals, like lithium, which are critical these days amid the demand for electric vehicles and other green energy.
The G-7 includes the U.S., Canada, France, Germany, Italy, Japan and Britain. The European Union, Australia, Chile, India, Indonesia and Kenya were invited to take part in the two-day meeting, as were economic organizations such as the World Trade Organization.
The G-7 nations reiterated their criticism of what they called in their joint statement “Russia’s brutal, unprovoked, unjustifiable and illegal war of aggression against Ukraine.”
The participants discussed how trade policy can contribute to tackling climate change, strengthening food security, promoting digital trade and working toward sustainable development.
Trade is one sector where growing political tensions with China have been playing out, although China was not directly mentioned in the meetings.
China, while absent at the meetings, loomed as a focal point. China has imposed export curbs on two metals used in computer chips and solar cells — gallium and germanium — that it said were intended to “safeguard national security.”
At the G-7 summit in Hiroshima in southwestern Japan earlier this year, participants referred to “economic coercion” in an oblique reference to China’s leveraging some nations’ dependence for economic items. That phrase was again used at the Osaka G-7.
As the host nation, Japan focused on how China has banned imports of Japanese seafood after the recent massive release of treated wastewater from the Fukushima nuclear plant, which experienced reactor meltdowns in 2011.
Yasutoshi Nishimura, the Japanese minister in charge of trade and the economy, said G-7 nations expressed support and understanding for Japan’s position, stressing the safety of Japanese food based on scientific evidence, including that from Fukushima. Japan will continue to press for the food bans to end, he told reporters.
Nishimura also said the guest nations that took part in the G-7 meeting, including Australia and India, were potentially powerful allies in strengthening the supply chain in valuable materials.
Bilateral agreements on the sidelines included one between Britain and Japan to work together on mineral-supply chains that both sides said were essential to achieve clean energy and effective national defense.
Japan also reached a deal with the EU on digital data exchanges, affirming a commitment to work together on standards to facilitate digital-sector trade, including online exchanges.
Kamikawa also met with U.S. Trade Representative Katherine Tai and reaffirmed bilateral ties in support of “the free and fair economic order,” and traded notes about the importance of women playing bigger roles on the G-7 stage.
___
Yuri Kageyama is on X, formerly Twitter: https://twitter.com/yurikageyama
veryGood! (4874)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Don't Miss This All-Star Roster for Celebrity Game Face Season 4
- Fans flock to theaters for the 'Barbenheimer' double feature
- Russia hits Ukraine with deadly missile barrage as power briefly cut again to occupied nuclear plant
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- How Justin Bieber and Wife Hailey Bieber Built One of Hollywood's Most Honest Marriages
- Remains of Roman aristocrat unearthed in ancient lead coffin in England: Truly extraordinary
- 3 YA fantasy novels for summer that bring out the monsters within
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Headed Towards a Tropical Beach Destination for Spring Break? Here's What to Pack
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- TV reboots have to answer one question: Why now? Just look at 'Justified'
- Critics slam DeSantis campaign for sharing an anti-Trump ad targeting LGBTQ rights
- Sally Field's Son Sam Greisman Deserves a Trophy for His Hilarious 2023 SAG Awards Commentary
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Courteney Cox Spills the Royal Tea on Prince Harry Allegedly Doing Mushrooms at Her House
- What makes something so bad it's good?
- What makes something so bad it's good?
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Rapper Costa Titch dies after collapsing on stage in South Africa
Soccer player dies after collapsing during practice in South Africa
The continuing discoveries at Pompeii
South Korean president's party divided over defiant martial law speech
What makes something so bad it's good?
North Korea touts nuclear war deterrence with submarine cruise missile test amid U.S.-South Korea drills
Saint John Paul II accused of protecting pedophiles, fueling debate over late pope's fast-track to sainthood