Current:Home > reviewsG-7 nations back strong supply chains for energy and food despite global tensions -AssetLink
G-7 nations back strong supply chains for energy and food despite global tensions
View
Date:2025-04-14 12:35:50
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! (9)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Lions’ Aidan Hutchinson has surgery on fractured tibia, fibula with no timeline for return
- Lions’ Aidan Hutchinson has surgery on fractured tibia, fibula with no timeline for return
- Surfer Bethany Hamilton Shares Update After 3-Year-Old Nephew's Drowning Incident
- Travis Hunter, the 2
- Trump tested the limits on using the military at home. If elected again, he plans to go further
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Age Brackets
- Aidan Hutchinson injury update: Lions DE suffers broken tibia vs. Cowboys
- Travis Hunter, the 2
- 'Saturday Night Live' brilliantly spoofs UFC promos with Ariana Grande as Celine Dion
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- SpaceX launches Starship the 5th time; successfully catches booster in huge mechanic arm
- Indigenous Peoples Day celebrated with an eye on the election
- Sold! What did Sammy Hagar's custom Ferrari LaFerrari sell for at Arizona auction?
- Federal hiring is about to get the Trump treatment
- Murder trial of tech consultant in death of Cash App founder Bob Lee begins
- Talking about sex is hard, no matter how old you are | The Excerpt
- Demi Moore Shares Update on Bruce Willis Amid Battle With Dementia
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Horoscopes Today, October 14, 2024
Basketball Hall of Fame officially welcomes 2024 class
Teddi Mellencamp Details the Toughest Part of Her Melanoma Battle: You Have Very Dark Moments
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
When is 'Tracker' back? Season 2 release date, cast, where to watch
Christian Pulisic, Weston McKennie to miss USMNT's game against Mexico as precaution
Ariel Winter Reveals Where She Stands With Her Modern Family Costars