EU takes own agenda to G7 on China, Ukraine, and Strait of Hormuz navigation

The European Union is set to present a distinct agenda at the upcoming G7 summit in Évian, France, focusing on three critical areas: China, Ukraine, and maritime security in the Strait of Hormuz. The summit, occurring amidst heightened global geopolitical and economic tensions, will see the EU pushing for concrete actions against China's industrial overcapacity and its destabilizing global trade effects. Brussels insists that the G7's discussions on this issue should extend to the G20, the only forum where China is present, following a recent dialogue on rebalancing the global economy.

The EU also aims to ensure its interests are represented in any peace negotiations concerning Ukraine. While valuing U.S. efforts, the bloc emphasizes that any agreement must be substantial, noting Russia's current lack of genuine willingness to engage in productive talks. The EU sees itself not as a neutral mediator but as a stakeholder, given the direct impact on European security.

Furthermore, the EU is prepared to contribute to a maritime coalition, potentially involving France and the UK, to secure passage through the Strait of Hormuz. This initiative, alongside strengthening the existing Operation Aspides, is crucial as Europe is disproportionately dependent on fossil fuel imports from the Persian Gulf. The G7 discussions will also address reducing global dependence on China for critical minerals, ensuring supply chain traceability, and boosting domestic production.