G-7 trade chiefs agree to deter economic coercion, eyeing China

Joint statement opens door to develop new tools for fair and free trade

20230404N G-7 METI

Yasutoshi Nishimura, Japan's trade minister, participated in the Group of Seven online meeting April 4. (Photo courtesy of Japan's Ministry of Economy, Trade and Industry)

ANNA NISHINO, Nikkei staff writer

TOKYO -- The trade ministers of the Group of Seven leading industrial nations agreed Tuesday to cooperate on measures to deal with economic coercion such as import-export restrictions and tariff hikes, with an eye on China's outsize role in global trade.

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