During meetings among the G7 leaders on June 28, 2022, President Joseph Biden and the other G7 leaders committed to a “unified approach to confront” China’s trade-distorting industrial directives. According to a White House Fact Sheet, such actions will include:
- sharing insights and best practices to identify, monitor and minimize vulnerabilities and logistic bottlenecks in advance of supply chain shocks;
- cooperating on cyber and quantum technology to achieve accountability and increase stability and security in cyberspace;
- demonstrating how “democratic and market-oriented approaches to trade, technology and innovation can improve the lives of our citizens and be a force for greater prosperity:”
- accelerating efforts to address forced labor, with “the goal of removing all forms of forced labor from global supply chains, including state-sponsored forced labor;” and
- reaffirming the importance of strengthening democratic resilience to authoritarian threats around the world.
Text from the full G7 Leaders’ Communique states that the G7 countries will “build a shared understanding of China’s non-transparent and market-distorting interventions and other forms of economic and industrial directives. We will then work together to develop coordinated action to ensure a level playing field for our businesses and workers, to foster diversification and resilience to economic coercion, and to reduce strategic dependencies.” Regarding the importance of democratic resilience, the G7 Leaders – along with the leaders of Argentina, India, Indonesia, Senegal and South Africa – released a statement affirming their commitment on working toward equitable, inclusive and sustainable solutions to global challenges, including climate change and the COVID-19 pandemic, and reaffirming a commitment to the rules-based international order.