G-7 Nations 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 based on the rule of law, enhancing economic resilience and security. They also discuss the threats to stable energy and food supplies and emphasize the importance of democracy, inclusiveness, and human rights.

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.

“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.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.

Trade is one sector where growing political tensions with China have been playing out, although China was not directly mentioned in the meetings. As the host nation, Japan focused on how China has banned imports of Japanese seafood after the recent massive release of treated waste water from the Fukushima nuclear plant, which experienced reactor meltdowns in 2011.

 

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