Minute by Minute: G7 leaders seek to counter China’s economic influence in international trade

Japan and India advocate global cooperation to meet international challenges

Japan and India advocate global cooperation to meet international challenges. (REUTERS) (KYODO /)

The Japanese Prime Minister Fumio Kishidamet this Saturday with his Indian counterpart, Narendra Modiand the Indonesian president, Joko Widodowith whom he exchanged views on security and energy transition.

Kishida met with Modi for about 40 minutes in which the Japanese Prime Minister conveyed his opinion on the importance of “defend the principles of sovereignty and territorial integrity of the Magna Carta of the United Nations (UN)”, according to a statement released by the Ministry of Foreign Affairs of Japan.

Both emphasized the need not to allow unilateral changes to the “status quo” “and the importance of maintaining a free and open international order based on the rule of law.”

Kishida and Modi agreed on the appropriateness of “a wide range of partners working together to address the challenges facing the international community,” according to the text.

With the international scene in mind, both leaders confirmed that the presidencies of the G7 and G20which Japan and India hold this year, respectively, “will continue to collaborate”, and as far as bilateral issues are concerned, they showed their desire to promote cooperation in various fields, including promoting educational exchanges and the flow of tourists between their countries.

India is one of the countries invited to this G7 summit with record participation and their attendance is especially significant due to their affinity with Russia in a meeting where the war in Ukraine is the central issue, a conflict on which Delhi remains neutral.

The G7 seeks to counter the economic influence of China in international trade

G7 leaders study strategies to counter China's economic influence in international trade.  (Reuters)
G7 leaders study strategies to counter China’s economic influence in international trade. (REUTERS) (MINISTRY OF FOREIGN AFFAIRS OF J/)

The group of seven began this Saturday the second day of its summit in Hiroshima (Japan), in which the debates are expected to focus on the China’s economic security and trade dependenceand in which the face-to-face assistance of the Ukrainian president is expected, Volodimir Zelenskyas well as leaders from Brazil and India, among other countries.

It is expected that the meeting will talk about the Beijing “coercion” when dealing with your International Trade from a dominant position as a supplier of certain key components for various industries, and to begin to outline tools to deal with these practices, also exercised by other countries.

The first of the four sessions scheduled in principle for this Saturday will deal with the economic securityand more specifically about the concern about the dependence of certain countries when it comes to accessing some materials and the proposal to reconfigure supply chains to put an end to this dominance.

In subsequent sessions, the countries invited to the event are Japan, Australia, Brazil, Comoros (on behalf of the African Union), South Korea, India, Indonesia, the Cook Islands (chair of the Pacific Islands forum) and Vietnam will participate. in conversations about food, energy or health cooperationas well as on collaboration with emerging countries.

He G7 Hiroshima has a record number of participants in an attempt by these countries to strengthen their alliances, specifically with the powers of the so-called “global south”, to counteract the growing presence and chinese influenceand the weight of Russia.

The Ukrainian president is expected Volodimir Zelensky participate in discussions with the G7 leaders on military support to Ukraine and about some eventual negotiations for peaceaccording to an official of the European Union (EU), another of the organizations represented at the Hiroshima summit, although it did not clarify when that session will take place.

The EU considers that one of the most important aspects of the Ukrainian leader’s participation in the summit will be his direct access to dialogue with leaders of other invited countries, and in particular with the Indian Prime Minister, Narendra Modiwho is attending as G20 acting president, according to the same source.