G-7 Summit: what is it and what does it do?
World leaders converged on the English seaside resort of Carbis Bay for a series of face-to-face meetings to tackle issues ranging from the post-Covid-19 economic recovery to climate change. The leaders’ final statement on Sunday called on China to respect human rights in the Xinjiang and Hong Kong regions, a foreign policy success for President Biden as he tries to bring together the world’s leading democracies to counter the influence of China.
What is the G-7?
The G-7, or Group of Seven, is the world’s seven largest advanced economies, the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom. China has never been part of it despite its huge economy and population; its relatively low per capita income means that it is not considered to be at the same level as others. Russia was previously included in what was known as the G-8, but has been excluded since 2014 when it annexed Crimea. Annual meetings usually take stock of the day’s biggest global economic issues.
Why was the summit held in Cornwall, England this year?
The UK is chairing the G-7 this year and has chosen to hold the meeting at the Carbis Bay Hotel near St. Ives in Cornwall. Last year’s event, which was scheduled to be held in the United States, was canceled due to the Covid-19 pandemic.
Mr Biden joined the summit as part of his first overseas trip since his election victory. British Prime Minister Boris Johnson hosted the debates, and other senior European leaders were also present, including German Chancellor Angela Merkel and French President Emmanuel Macron. Representatives of the European Union were in attendance and other leaders were invited as guests, including Australian Prime Minister Scott Morrison, South Korean President Moon Jae-in and South African President Cyril Ramaphosa. Indian Prime Minister Narendra Modi participated via video link.
What was the program this year?
Discussions have been dominated by how to recover from the Covid-19 pandemic and accelerate vaccine distribution in developing countries, where infections and deaths have reached new records in recent months. In Africa, 0.6% of the population has been fully vaccinated, compared to 42% in the United States, where high-risk citizens have been widely vaccinated. British leader Mr Johnson called on G-7 leaders to pledge to vaccinate the whole world by the end of 2022, while the United States has announced plans to donate 500 million doses of the vaccine developed by BioNTech SE and Pfizer. Inc.
by June of next year. It aims to ship 200 million by the end of the year. The UK has said it will provide at least 100 million excess vaccine doses to the world’s poorest countries, with the G-7 as a whole pledging to deliver a billion vaccines in total.
In doing so, the G-7 countries hope to strengthen the influence of the largest democracies as the effort to rebuild the global economy begins to take shape.
“I look forward to strengthening our commitment to multilateralism and working with our allies and partners to build a more just and inclusive world economy,” Biden tweeted ahead of the meeting.
Efforts to tackle climate change were another goal ahead of the UN Climate Change Conference COP26 in November, with G-7 members agreeing to end subsidies for foreign coal projects. G-7 leaders also agreed to plans to impose a minimum 15% tax on large multinationals.
What is the role of the United States in the G-7?
Mr Biden is using his visit to Europe to strengthen the United States’ relations with other major democracies in an effort to counter the influence of autocracies such as China and Russia, according to his advisers. Fostering a coordinated response to the Covid-19 pandemic and other issues such as climate change is a key part of its plans. The G-7 leaders’ call for China to respect human rights in their final communiquÃ© was a significant step forward, though far from outright condemnation. He was associated with plans for the G-7 to support infrastructure spending in developing countries as a counterpoint to China’s own infrastructure programs and a call for a transparent investigation into the origins of Covid-19.
“I believe we are at an inflection point in the history of the world – the time when it behooves us to prove that democracies will not only last, but that they will excel as we rise up to seize the huge ones. opportunities of a new era, “Biden told US Air Force personnel stationed at Royal Air Force Mildenhall after arriving in the UK on Wednesday.
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