Current:Home > FinanceG-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:2025-04-13 14:09:39
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! (946)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Son stolen at birth hugs Chilean mother for first time in 42 years
- Indianapolis police say officer killed machete-wielding man
- Why the Duck Dynasty Family Retreated From the Spotlight—and Are Returning on Their Own Terms
- How effective is the Hyundai, Kia anti-theft software? New study offers insights.
- Some wildfire evacuations end in British Columbia, but fire threatens community farther north
- Kate Spade 24-Hour Flash Deal: Get This $300 Crossbody Bag for Just $89
- Bad Bunny Leaves Little to the Imagination in Nude Selfie
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Hawaii authorities evacuate area of Lahaina due to brush fire near site of deadly blaze
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Final round of 2023 Tour Championship resumes after play suspended due to weather
- Wear chrome, Beyoncé tells fans: Fast-fashion experts ring the alarm on concert attire
- NASCAR driver Ryan Preece gets medical clearance to return home after terrifying crash at Daytona
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Jacksonville killings: What we know about the hate crime
- The towering legends of the Muffler Men
- UAW says authorization for strike against Detroit 3 overwhelmingly approved: What's next
Recommendation
Travis Hunter, the 2
Korea’s Jeju Island Is a Leader in Clean Energy. But It’s Increasingly Having to Curtail Its Renewables
Jacksonville killings: What we know about the hate crime
Russia says it confirmed Wagner leader Prigozhin died in a plane crash
$1 Frostys: Wendy's celebrates end of summer with sweet deal
Riders in various states of undress cruise Philadelphia streets in 14th naked bike ride
Korea’s Jeju Island Is a Leader in Clean Energy. But It’s Increasingly Having to Curtail Its Renewables
Women working in Antarctica say they were left to fend for themselves against sexual harassers