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‘Supply Chain Acceleration in China’… G7 issues a separate statement

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[G7 정상회의 개막]

Hiroshima G7 Summit Opens Today
US starts building a new economic order targeting China… G7, one voice to strengthen containment between China and Russia
China fights back for summit meeting with 5 central countries

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US President Joe Biden (left in photo left) and Japanese Prime Minister Fumio Kishida, who arrived in Hiroshima, Japan on the 18th to attend the G7 summit, which opens on the 19th, exchange greetings and smile brightly before the summit. Chinese President Xi Jinping (pictured right) holds up a joint agreement after meeting with Kazakhstani President Kassim-zomart Tokayev in Xi’an, Shaanxi Province on the 17th. China will hold a summit with five Central Asian countries, including Kazakhstan, in Xi’an on the 18th and 19th, as if to counteract the G7 summit. Hiroshima = AP Newsis / Xian = Shinhwa Newsis

At the G7 summit, which opens in Hiroshima, Japan on the 19th, the participating countries will release a separate statement declaring a joint response to China’s “economic coercion,” such as weaponizing resources and restricting trade and investment. The United States, which is pursuing a strategy to block China in high-tech industries by uniting allies, is using the G7 summit as an opportunity to solidify the establishment of a new economic order.

According to the Yomiuri Shimbun of Japan on the 18th, the original draft of the statement titled “Ensuring economic toughness and economic security” to be adopted by the G7 leaders is concerned with the situation in which “economic coercion is spreading, which damages foreign and domestic policies of each country by taking advantage of economic vulnerabilities.” It contained content that sounded the alarm and urged self-restraint. Although this statement did not directly mention China, Japanese media analyzed that it was actually targeting China.

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The statement is expected to include the launch of a new consultative body composed of working-level officials from foreign affairs authorities in each country to strengthen the de-China of the global supply chain.

On security issues, the G7 is also said to be unified in order to contain Russia, which invaded Ukraine, and China, which threatens Taiwan. The joint statement plans to contain the contents of ‘maintaining and strengthening a free and open international order based on norms’ towards China and Russia. The intention is to clearly show how the G7 countries leading the free camp unite in a situation where the global new Cold War structure has become clearer.

While Russia’s invasion of Ukraine is being discussed as a major agenda for this summit, it is known that there is a possibility that Ukrainian President Volodymyr Zelensky, who was initially expected to attend via video, may visit Japan in person. White House National Security Adviser Jake Sullivan said, “There will be some schedule between the G7 leaders and President Zelensky,” and “(the format of participation) is being adjusted.”

Against the G7 summit, China held a multilateral summit with five Central Asian countries for two days on the 18th and 19th to mobilize friendly forces. He also made a warning statement to South Korea ahead of the Korea-US-Japan summit. The Global Times, an affiliate of the Chinese Communist Party, criticized, “The Yoon Seok-yeol government’s intention to cooperate with the United States at the expense of Korea-China cooperation is dangerous,” and “only leads Korea to a dead end.”

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Discussion on easing dependence on China for minerals such as rare earths

At the G7 summit in Hiroshima, Japan, which will be held on the 19th, the biggest issue will be how united Western countries, including the United States, will voice their voices centered on the values ​​of democracy, human rights and freedom against China and Russia, which are escalating military threats. all.

The United States and Japan, the chair of this year’s G7, increased the level of pressure on Russia and China even before the opening of the summit. US President Joe Biden, who arrived in Japan on the 18th, announced at a summit meeting with Japanese Prime Minister Fumio Kishida that “we hold Russia accountable for the invasion of Ukraine.”

White House national security adviser Jake Sullivan left open the possibility that Ukrainian President Volodymyr Zelensky, who is expected to attend via video, will come to Japan in person. If President Zelensky makes a surprise appearance at the summit, Western pressure on Russia is expected to peak.

● US “Hold Russia responsible for invading Ukraine”

President Biden said at the opening remarks at the US-Japan summit that day, “We are working to protect common values, such as supporting brave Ukrainians who are trying to defend their territory.” “Nuclear non-proliferation efforts and ensuring a free and open Indo-Pacific are our foundation,” he said. Analysts say that the remarks are simultaneously aimed at Russia, which threatens nuclear weapons, China, which suggests military action against Taiwan, and North Korea, which is advancing its nuclear armament.

In addition, the leaders of the U.S. and Japan agreed to closely cooperate on various issues surrounding China, stressed the importance of peace and stability in the Taiwan Strait, and urged a peaceful resolution of cross-strait issues, Kyodo News reported on the day.

In the first session of the summit on the 19th, the G7 will discuss the situation in Ukraine and prepare to voice one voice on Russia. The G7, along with the European Union (EU), is expected to pursue additional sanctions in addition to existing sanctions against Russia, such as canceling most-favoured nation treatment and capping the price of Russian crude oil.

The joint statement at the G7 summit asks Russia to stop supplying countries that support weapons or products that can be diverted for military use, and contains content that if it does not comply, it will face a serious situation. It also plans to state that it “opposes any nuclear threat.”

● “G7 strengthens linkage with global supply chain de-China”

At the summit held on the 18th, the leaders of the United States and Japan agreed to strengthen cooperation in cutting-edge technologies, including semiconductors and artificial intelligence (AI). Kyodo News pointed out that the U.S.-Japan high-tech cooperation has in mind a response to China challenging its economic hegemony.

The G7 is also preparing a ‘message’ aimed at China, which is fiercely competing with the United States in building a global supply chain in the high-tech industry, raising military tensions in the Taiwan Strait.

The Yomiuri Shimbun reported on the day that the G7 will adopt an individual statement for the global supply chain de-China apart from the joint statement. The individual statement is expected to include strengthening links to build a mineral supply chain for panels to reduce dependence on China, the world’s No. The G7 believes that economic security risks cannot be resolved with high dependence on China for key minerals in the high-tech sector.

It is also planning to strengthen support for emerging developing countries, which are mainly distributed in the southern hemisphere and are called the ‘Global South’. For the past 10 years, China has been striving to secure friendly forces by providing support to countries in Africa, the Pacific Islands, and Central and South America and establishing military bases.

Kim Han-kwon, a professor at the Asia-Pacific Research Department at the Korea National Diplomatic Academy, said, “China is concerned that the US-pressured bloc structure emerges at the G7 summit, so it will look at the results.” It will be a situation,” he said.

However, some point out that President Biden’s visit to Australia was canceled and the Quad summit was hastily held in Japan as a result of ‘helping China’.


Tokyo =

Beijing =

Source: Donga

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