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G7 countries take a tougher line on trade with China

BERLIN –

The German Economy Minister said the Group of Seven major economies had agreed to take a tougher, more coordinated stance towards China when it comes to trade.

After a two-day meeting with G-7 officials, Secretary of State for Economy and Climate Protection Robert Habeck told reporters the discussions on China were part of efforts to ensure standards were met. international trade standards and prevent Beijing from using its economic power to promote other countries.

“The innocence towards China is over,” Habeck said, referring to Germany’s stance on China. “The moment when one says that ` `Trade, no matter what, ‘regardless of social or humanitarian standards, … is something we should no longer allow ourselves to.”

He said Germany would work to convince the European Union to establish “a stronger trade policy towards China and respond as a European to the coercive measures China has imposed.” used to protect its economy.”

“Other partner countries will do the same,” Habeck said, adding that G-7 members – including Britain, Canada, France, Italy, Japan and the United States – have agreed to coordinate actions. their respective actions.

In a joint statement after the meeting at Neuhardenberg Palace, east of Berlin, the G-7 did not name China.

The statement expressed concern about “unfair practices, such as all forms of forced technology transfer, theft of intellectual property, lowering of labor and environmental standards in order to gain profit.” competitive advantage, market-distorting actions by state-owned enterprises and harmful industrial subsidies, including those that lead to excess capacity.”

The group also pledged to continue seeking ways to reform the World Trade Organization. The United States has been particularly wary of following the Geneva-based agency’s jurisdiction over trade matters.

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