The second day of the G7 in Puglia opens with the “Migrations” session. Next come the “Indo-Pacific and economic security” tables and one which will also feature the Pope, dedicated to artificial intelligence. Bilateral relations are expected with many heads of state invited to Borgo Egnazia, even if their countries are not part of the G7 group. Yesterday, June 13, the summit focused on actions to be implemented in support of Ukraine and against Russia. There was also a face-to-face meeting between Volodymyr Zelensky and Joe Biden, with the signing of an agreement that commits the United States to providing security assistance to kyiv for ten years. Today, Vladimir Putin declares that this agreement “has no value”. It is, according to the Russian president, “only propaganda for Zelensky”. In the morning, another country enters the crosshairs of the G7: China. According to rumors, the Sherpas included in the final draft of the summit an invitation to end Beijing's support for Moscow.
Regarding economic aspects, the heads of state meeting in Puglia criticize Chinese trade policies, because “they lead to market distortions and overcapacity in growth rates, undermining our workers, our industries, our resilience and our economic security. Ursula von der Leyen, on the sidelines of the security session, comments: “I am happy that we have agreed to work on a joint assessment of China's overcapacities. Despite denials, China produces more than all the G7 countries combined. Its industrial strategy is increasingly focused on exports, which has increasingly worrying repercussions for the rest of the world. As the G7, we have an interest in ensuring that global markets operate fairly, without distortions. » The recent announcement of European taxes to be imposed on Chinese electric vehicles must be considered in this scenario.
Read also:
