Australia PM presses G7 on trade reform to rein in China ...Middle East

SYDNEY: G7 nations must overhaul global trade rules to stop powerful countries using economic coercion, Australian Prime Minister Scott Morrison (pix) said Wednesday ahead of a meeting of the group’s leaders in Britain.As Australia’s shadow trade war with its largest trading partner China shows few signs of abating, Morrison told the Perth USAsia Centre that the global rules-based order is “under serious strain”.“The most practical way to address economic coercion is the restoration of the global trading body’s binding dispute settlement system,“ he said.“Where there are no consequences for coercive behaviour, there is little incentive for restraint.”Beijing has imposed harsh economic sancti

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Australia PM presses G7 on trade reform to rein in China ...Middle East

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