Major Take Away From The G-7
The Group of Seven summit, more commonly known as the G-7, ended on Sunday. Walking away from the summit, there were talks of getting COVID-19 under control, preparing for future pandemics, encouraging democratic nations and rebuilding the global economy.
At a press conference Sunday afternoon President Biden said, “America is back at the table,” adding, “The lack of participation in the past and full engagement was noticed significantly.”. President Biden has been in the Southwestern tip of British Isles since Thursday of last week. This was the first time world leaders met face to face since the COVID-19 pandemic started back in March of 2020.
China was a big topic of discussion during the G-7. Beijing was not expected to be on the official agenda, but China’s handling of the pandemic, their role and how they handle human rights were all discussed. The G-7 is calling for a proper investigation into the origins of COVID-19 along with a more science based World Health Organization. The G-7 is also calling on Beijing to respect human rights especially in connection with allegations over its forced-labor camps in Xinjiang, as well as in Hong Kong. President Biden said he believes there is plenty of action on China and he is “satisfied”.
Another area of discussion surrounded coal. British broadcaster and wildlife expert Sir David Attenborough told world leaders in Cornwall on Sunday that human beings may be “on the verge of destabilizing the entire planet” as he urged them to do more while they are in the United Kingdom and to make potentially planet changing decisions on climate change. This comes after the Biden Administration and other G-7 leaders pledged to take a “concrete set of actions” in order to begin the transition from unabated coal. The leaders also pledged 2 billion dollars to help developing countries move towards clean energy.
Another area of discussion was the creation of recommendations by the G-7 leaders on how to deal with future pandemics and what their countries will do to deal with the pandemic. These steps include cutting the time taken to develop and license vaccines, treatments and diagnostics for any future disease to under 100 days, a commitment to reinforce global surveillance networks and genomic sequencing capacity and support for reforming and strengthening the World Health Organization.
The G-7 members were also asked to donate 1 billion COVID-19 vaccine doses to developing countries. The Biden Administration has committed to giving 500 million Pfizer shots. British Prime Minister Boris Johnson said his country would give more than 100 million doses. These shots will be going to 100 smaller developing countries.
G-7 leaders also endorsed a U.S. plan for a minimum global corporate tax rate of 15%. That is to prevent large companies such as Amazon from paying little to no tax by shifting their profits and revenue to low tax countries or jurisdictions.
President Biden Pledged at his own news conference Sunday that he would continue to address all these issues back home.