This roundtable discussion will explore the evolving economic security policies pursued by key players, with a particular focus on the EU and Japan, and opportunities for advancing the G7’s economic security agenda.
In light of Russia’s invasion of Ukraine and in the face of growing tensions between the US and China, economic security has become an increasingly important feature of national security. Moreover, the scope of what is considered economic security and the policy measures used are expanding.
In recent years, Japan has been at the forefront of economic security policy by advancing legislation and creating a cabinet-level minister for economic security. In this context, Japan’s G7 presidency in 2023 offers an opportunity to advance discussions on economic security and explore policy cooperation among G7 members and like-minded international partners. The European Commission will present some initial ideas as part of a new Economic Security Strategy in 2023.
Focusing on broad developments in economic security in the EU and Japan, participants at this roundtable will examine the approaches and toolkit employed in areas such as export controls, resisting economic coercion and strengthening supply chain resilience as well as investment screening.
Questions to be addressed include:
- How do various countries and blocs define economic security in relation to national security?
- What are the main objectives pursued under the concept of economic security?
- How can the protection of national security in the economic field be balanced with maintaining as far as possible the benefits of an open economy?
- Which international forums or platforms are best suited to coordinate policymaking on economic security?
This event will be held under the Chatham House rule.
This discussion is part of the Chatham House Global Trade Policy Forum. We would like to take this opportunity to thank our founding partner and supporting partners for their generous support of the forum.