G7 leaders reached consensus on need for a common approach by China selling exports at unfairly low prices and human rights violations, a senior official in the president’s administration said on Saturday American Joe Biden.
The official, speaking on condition of anonymity, said leaders of the largest advanced economies in the Group of Seven had also agreed on the need to coordinate supply chain resilience to ensure that democracies support each other.
“I would say that there was unanimity in terms of willingness to denounce human rights violations and violations of fundamental freedoms that invoke our common values,” said the official.
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“There was a commitment to take action in response to what we are seeing. The official said the G7 was a long way from three years ago when the final communiqué made no mention of China.
In the legal structure of the World Trade Organization, the designation of China as a “marketless economy” allows its trading partners, including the United States, to use a special framework to determine whether China’s exports are sold at unfairly low prices and, if so, apply additional anti-dumping duties.