'There is a lot at stake': PM sounds warning ahead of G7 summit

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'There is a lot at stake': PM sounds warning ahead of G7 summit
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Prime Minister Scott Morrison has called on world leaders to demonstrate that 'liberal democracies work' in a speech ahead of the G7 summit. AusPol 9News

"We are living in a time of great uncertainty not seen, I believe, since the 1930s, outside of wartime.""Accelerating trends are working against our interests," he said."The risk of miscalculation and conflict are very present and growing."

Mr Morrison stressed that while strategic competition between the US and China brought risks, it did not mean inevitable conflict. He said the G7 summit would provide an opportunity to begin WTO reforms, including establishing an appellate body which could impose penalties for "bad behaviour".

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