Trade ministers from the Group of Seven industrialized nations say they were "disturbed" by the growing recurrence of coercive economic measures and vowed to enhance joint efforts in addressing the issue often associated with China.
The Group of Seven economies agree to create resilient supply chains of crucial minerals such as rare earth elements used in electric vehicles with trusted partners, Japan's Economy, Trade and Industry Minister Yasutoshi Nishimura says.
In the Group of Seven (G7) trade ministers meeting, Commerce and Industry Minister Piyush Goyal urged the participating countries to collaborate on a regulatory framework to ease the movement of supply chains and facilitate cross-border trade.