Quad Ministers Work on Supply Chains, Denounce Export Restrictions - Americas
The ministers pledged over $85 million for trusted AI access and backed $10 million for critical minerals recycling, while launching a business forum.
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Quad ministers work on supply chains, denounce export restrictions - Americas
The joint statement by the foreign ministers of the Indo-Pacific "Quad" came at a time when Japan has been extremely critical of Beijing over its restrictions on critical mineral exports, and the US has been assembling a coalition aimed at uniting G20 countries concerned about China's dominance in rare earths and other critical minerals.
The foreign ministers of the Quad, a cooperation framework of Japan, the United States, Australia, and India, met on October 31st and issued a joint statement pledging to work diligently to build reliable global supply chains and expressing serious concern over so-called "economic coercion" through export restrictions and nonmarket practices.
The foreign ministers of Japan, the United States, Australia, and India, without explicitly naming China, expressed serious concerns about economic pressure and non-market practices at the Quad meeting. The ministers also agreed to establish a joint business forum to advance trade diplomacy.
Quad Nations Pledge to Strengthen Global Supply Chains
Foreign ministers of the United States, Australia, India and Japan have pledged to strengthen global supply chains and expressed concern over economic coercion and trade practices that threaten international commerce. The commitment was contained in a joint statement issued on Saturday after a meeting of the four countries, known as the Indo-Pacific Quad, amid growing […]
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