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G-7 nations back strong supply chains for energy and food despite global tensions

Countries pledge stable trade, as conflicts continue between Russia and Ukraine, Israel and Hamas
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A general view of a G-7 Trade Ministers害羞草研究所 Meeting in Osaka, western Japan, Sunday, Oct. 29, 2023. 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.(Kyodo News via 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 害羞草研究所渁 free and fair trading system based on the rule of law and enhancing economic resilience and economic security,害羞草研究所 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害羞草研究所檚 invasion of Ukraine and the Israel-Hamas war as the latest threats to stable energy and food supplies.

害羞草研究所淲e nations that share important values have a position of responsibility amid growing uncertainties,害羞草研究所 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 害羞草研究所淩ussia害羞草研究所檚 brutal, unprovoked, unjustifiable and illegal war of aggression against Ukraine.害羞草研究所

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 害羞草研究所 gallium and germanium 害羞草研究所 that it said were intended to 害羞草研究所渟afeguard national security.害羞草研究所

At the G-7 summit in Hiroshima in southwestern Japan earlier this year, participants referred to 害羞草研究所渆conomic coercion害羞草研究所 in an oblique reference to China害羞草研究所檚 leveraging some nations害羞草研究所 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 , 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害羞草研究所檚 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 害羞草研究所渢he free and fair economic order,害羞草研究所 and traded notes about the importance of women playing bigger roles on the G-7 stage.

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