The Group of Seven (G7) industrialized nations have agreed to coordinate efforts to address what they perceive as unfair trade practices by China.

The G7 comprises Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

The agreement follows ongoing concerns among G7 members regarding China’s trade imbalances, state-led subsidies, and intellectual property theft.

Details of the plan are still emerging, but the G7 is expected to focus on strengthening trade rules and enforcing existing regulations.

One potential area of focus is countering China’s use of non-market economic policies, such as providing preferential treatment to state-owned enterprises.

The G7 aims to promote a level playing field for international businesses, ensuring fair competition and market access.

The initiative also seeks to protect intellectual property rights and address concerns about forced technology transfer.

Collaboration among G7 countries may involve joint investigations, sanctions, and diplomatic pressure.

The G7’s coordinated approach is intended to provide a unified front in discussions with China and other nations regarding trade.

The specific measures and timeline for implementation are still being finalized and are expected to be discussed in future meetings.