In an effort to combat global drug and precursor chemical trafficking, the G7 summit has decided to create "7+ Ports Network to Combat Drug Trafficking'.
The new initiative aims to reinforce cooperation between G7 members and their partners' main maritime ports in coordination with the European Ports Alliance, the European Coalition Against Drugs and similar initiatives. This G7+ initiative will aim to better coordinate, share information and implement best practices, including through possible joint field visits to port authorities and law enforcement agencies, building on international regulations, such as the International Ship and Port Facility Security of the International Maritime Organization and G7 initiatives. To this end, an Inventory of G7 Initiatives and Best Practices to Counter Drug and Precursor Chemical Trafficking in Ports will be set up.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.