G7 Nations vows action against unfair China business practices

G7 nations have vowed to tackle what they called unfair business practices by China that were undermining their workers and industries.The G7 also warned of action against Chinese financial institutions that helped Russia obtain weaponry for its war against Ukraine. The summit statement stressed that the G7 was not trying to harm China or thwart its economic development but would continue to take actions to protect the businesses from unfair practices, to level the playing field and remedy ongoing harm.
The joint statement on the final day of their annual summit in Italy on Friday,The G7 nations have also pledged support to specific infrastructure projects like the India-Middle East-Europe Economic Corridor (IMEC). The G7 Summit, leaders reaffirmed their dedication to a free and open Indo-Pacific governed by international law.G7 leaders also said the UN Palestinian refugee agency must be allowed to work unhindered in war-torn Gaza, in their statement at the end of their talks in Italy. The statement said, it is critical that United Nations Relief and Works Agency (UNRWA) and other UN organizations and agencies’ distribution networks be fully able to deliver aid to those who need it most, fulfilling their mandate effectively.

They called for all parties to facilitate rapid and unimpeded passage of humanitarian relief for civilians in need in Gaza, particularly women and children.