G7 calls for immediate repeal of bans on Japanese food

STRJIJI PRESS/ AFP

The Group of Seven (G7) industrial powers called on Sunday for the "immediate repeal" of import curbs on Japanese food products, a reference to China's restrictions after Japan began releasing wastewater from the Fukushima nuclear power plant.

The G7 trade ministers, in a statement after a weekend meeting on Osaka, did not mention China but they also denounced what they consider its rising economic coercion through trade.

"We deplore actions to weaponize economic dependencies and commit to build on free, fair, and mutually beneficial economic and trade relationships," said the 10-page statement.

China slapped a blanket suspension of Japanese fish imports two months ago when Japan started the release of treated radioactive water from the wrecked Fukushima plant into the Pacific. While Japan and the U.S. have called the curbs unfair, Russia announced a similar restriction earlier this month.

The G7 - the United States, Japan, Germany, Britain, France, Italy and Canada - expressed "concern" over recent control measures on the export of critical minerals.

China, the world's top graphite producer, this month announced export curbs on some graphite products in another bid to control critical mineral supply in response to challenges over its global manufacturing dominance.

The ministers reaffirmed their concerns on "a wide and evolving range of non-market policies" that include "pervasive, opaque and trade-distortive industrial subsidies" and forced technology transfer.

More from Business

Coming Up on Dubai Eye

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

  • Afternoons with Helen Farmer

    1:00pm - 4:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!