Trade ministers from the Group of Seven economies agreed Wednesday to accelerate efforts to set common standards for the procurement of critical materials to enhance economic security at a time when China is being accused of coercive trade practices.Based on uniform standards, the G7 will consider factors other than prices when acquiring minerals and other goods in order to make supply chains more resilient by reducing dependency on particular countries, they said in a statement released after their meeting in southern Italy.Critical minerals are items of focus in the meeting as they are vi…READ FULL ARTICLE
