Financial system, Ukraine and Indo-Pacific on Rishi Sunak’s agenda as he heads to G7 in Japan

Rishi Sunak has laid out his objectives forward of the G7 summit in Hiroshima, Japan.

The PM is ready to landing within the early hours of the morning on Thursday UK time.

It comes sizzling on the heels of his go to to Iceland for the Council of Europe summit.

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But in contrast to the Reykjavik assembly, Mr Sunak will not be placing migration policy centre stage of his go to to Japan.

Instead, he might be specializing in financial development, Ukraine and the Indo-Pacific area.

This will go alongside an “intense period of diplomatic activity” on the summit.

Earlier this yr, the UK was accepted into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which incorporates Japan.

This is a part of the federal government’s post-Brexit agenda to extend financial development and funding within the UK.

Mr Sunak mentioned: “You’ll see tomorrow in Tokyo where we’re going to announce investment into the UK which is fantastic news, and a great bit of confidence.”

The PM will even on Thursday signal the “Hiroshima Accords” along with his Japanese counterpart Fumio Kishida.

The settlement will embody commitments on “defence, trade and investment, science and technology collaboration, and joint work on tackling global issues like climate change”.

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Also, excessive up on Mr Sunak’s agenda would be the war in Ukraine.

The G7 – up till the 2014 annexation of Crimea – used to incorporate Russia.

Canada, France, Germany, Italy, Japan, the United Kingdom and the United States are the present members.

The leaders recently signed a joint assertion committing to “intensifying our diplomatic, financial and military support for Ukraine, to increasing the costs to Russia and those supporting its war effort, and to continuing to counter the negative impacts of the war on the rest of the world, particularly on the most vulnerable people”.

Mr Sunak mentioned the group might be “continuing our leadership on Ukraine”, and that he might be “talking to my colleagues about maintaining and enhancing our support for Kyiv” – in each the quick time period and long run.

And whereas Mr Sunak earlier ruled out fast-tracking Taiwan’s entrance to the CPTPP – as known as for by Liz Truss – the Indo-Pacific area will nonetheless characteristic.

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He mentioned discussions might be on each financial and safety issues.

The PM added that, “specifically in regard to China”, the G7 will be certain that they’re “aligned in our approach in protecting ourselves against the risk and challenges that China poses”.