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Fostering mutually beneficial partnerships and supporting resilient and sustainable value chains remains our priority to reduce risk both for our economies, as well as globally, and ensure sustainable development for all. Recent events have highlighted vulnerabilities in economies around the world to natural disasters, pandemics, geopolitical tensions and coercion. Recalling our commitment from the 2022 G7 Elmau Summit, we are taking additional steps today to enhance our ongoing strategic coordination on economic resilience and economic security by reducing vulnerabilities and countering malign practices that exploit and reinforce them. This complements the corresponding steps we are taking to enhance supply chain resilience as laid out in the G7 Clean Energy Economy Action Plan.

We underline the importance of cooperating both within the G7 as well as with all our partners to enhance global economic resilience, including by supporting a more significant role for low and middle-income countries in supply chains in a way that also promotes their diversification and local value creation and benefits local workers and communities everywhere.

We will address non-market policies and practices designed to reinforce dependencies, and will counter economic coercion. We will continue to ensure that the clearly defined, narrow set of sensitive technologies that are crucial for national security or could threaten international peace and security are appropriately controlled, without unduly impacting broader trade in technology.

We affirm that our cooperation to strengthen economic resilience and economic security will be rooted in maintaining and improving a well-functioning international rules-based system, in particular the multilateral trading system with the WTO at its core. To these ends, we will work and coordinate through the G7 framework to make year-on-year progress in a holistic manner.

Enhancing global economic resilience

Building resilient supply chains

The COVID-19 pandemic and Russia’s war of aggression against Ukraine has laid bare vulnerabilities in supply chains in countries around the world. Supply chain disruptions have had devastating impact for developing, emerging, and advanced economies alike. We recognize that transparency, diversification, security, sustainability, and trustworthiness and reliability are essential principles on which to build and strengthen resilient supply-chain networks among trusted partner countries both within and outside the G7. We encourage all nations to support these principles on resilient and reliable supply chains. We reaffirm our strong will to support the wider international community, particularly developing countries, in building their resilience, including through implementing the Partnership for Global Infrastructure and Investment. Our partnerships honor international law, are free and fair, and foster mutually beneficial economic and trade relationships. Drawing lessons from recent incidents of weaponizing energy and other economic dependencies, we stand firmly against such behavior. We will enhance resilient supply chains through partnerships around the world, especially for critical goods such as critical minerals, semiconductors and batteries. We will step up our efforts to strengthen channels of communication to address supply disruptions and share insights and best practices, including from respective scenario-based stress testing.

Building resilient critical infrastructure

We emphasize the importance of cooperating on enhancing security and resiliency in critical infrastructure particularly in the digital domain. We welcome projects that strengthen the resilience of the ICT ecosystem including mobile, satellite and core networks, submarine cables, components and cloud infrastructure. We support an innovative and competitive digital ecosystem of trustworthy vendors, welcome supplier diversification efforts, and continue to discuss market trends towards open, interoperable approaches, alongside secure, resilient and established architectures in a technology neutral way. Under the Japanese G7 Presidency and against the background of early deployments of Open RAN, we will continue to exchange views on open architectures and securityrelated aspects and opportunities. We support open, global, market-driven, and inclusive multistakeholder approaches for the development of technical standards for telecommunications equipment and services to enable openness and interoperability in a technology neutral way. We discussed that such infrastructure requires a rigorous evaluation of equipment, consistent with existing measures such as those outlined in the Prague Proposals, and the EU’s 5G toolbox. We reaffirm the need to assess political, economic, and other risks of a non-technical nature posed by vendors and suppliers. We will continue our work to build resilient critical infrastructure by sharing information and best practices gained through our respective efforts.