G-7 Nations Strengthen Pledge to Ensure Smooth Supply Chains Amid Global Uncertainties

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Trade and economy officials from the G-7 nations promise to maintain a free and fair trading system and enhance economic resilience and security to ensure smooth supply chains for essentials like energy and food. Concerns are rising about maintaining a stable supply of computer chips and essential minerals amid the demand for electric vehicles and green energy.

TOKYO — 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.

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. Trade is one sector where growing political tensions with China have been playing out, although China was not directly mentioned in the meetings.

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. A pro-Russian former Ukrainian lawmaker who was lined up to be Putin's puppet leader in Kyiv was shot in Crimea

Russian soldier says 8 Ukrainian fighters fended off hundreds of enemy troops from their fortified position, per leaked audio

 

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