The G7 nations intend to take a more aggressive shared approach on China, according to ABC News.
Stronger stance: After a meeting of G7 officials in Germany, the participating nations issued a joint statement pledging coordinated action to address issues such as intellectual property theft, industrial subsidies and lowered environmental and labor standards around the world. All point clearly to longstanding problematic Chinese trade behaviors, even as the statement does not name China explicitly.
Collaborating countries: The nations—which include G7 host country Germany as well as the United Kingdom, Canada, France, Italy, Japan and the United States—have agreed to coordinate their efforts to ensure high international trade standards.
- Speaking for Germany, its Minister for Economic Affairs and Climate Protection Robert Habeck said, “The naivety toward China is over.” He added that Germany would urge the European Union to create a new trade policy on China, and the other G7 countries would make similar efforts.
The bigger picture: The joint statement also laid out areas for coordination on a range of other global issues, including Russia’s invasion of Ukraine, reform and modernization of the World Trade Organization and supply chain resiliency.