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G7 sends strong signal in support of food market transparency

(c) G7 Presidency of Japan
24 Apr 2023

In their meeting in Miyazaki on 22-23 April 2023, Agriculture Ministers of the Group of Seven (G7) highlighted the importance of data availability and transparency for well-functionig agricultural markets. In this context, they particularly praised the work of AMIS, which they intend to strengthen further. The 2023 G7 Agriculture Minister’s Communiqué reads as follows:

"We [...the Agriculture Ministers of the Group of Seven] reaffirm the importance of agricultural data availability and transparency for well-functioning markets. In this regard, we commit to strengthen our support to the G20 Agricultural Market Information System (AMIS). We are providing additional financial resources on a voluntary basis including to facilitate reporting on fertilizer and vegetable oil markets and policies and call upon other AMIS members to do so as well. We commit to working with our colleagues in the G20 for all AMIS members to provide timely data, and complete and accurate information. We will continue to avoid any unjustified restrictive measures on exports that could exacerbate increases in food and input price volatility and we encourage others to do the same."