G7 meeting, declaring 'multilateral' has returned
The G7 leadership discussed how to rebuild the Covid-19-influenced economy and deal with China's "non-market policy", claiming the "multilateralism" was back.
The meeting of G7 leaders, the group of countries that control nearly half of the world economy, was held online on February 19 with the chairmanship of British Prime Minister Boris Johnson.
"Based on our strength and values of open, democratic economies and societies, we will work together to make 2021 a turning point for multilateralism, while shaping our
G7 leaders pledged to pour an additional $ 4 billion into the Covid-19 Tool Access Acceleration Fund (ACT-A) and the Global Covid-19 Vaccine Access Program (COVAX), an initiative to deliver vaccines to
The G7 team calls for a stronger precautions to deal with the pandemic in the future, including considering a global medical treaty and the green recovery problem of the following economies from Covid
Although Biden said China was "the strongest competitor", it was mentioned only once in a joint statement.
G7 said it would support open economies with "free flow of data with the belief" operating on "a multilateral trading system based on more modern, free and fairer rules".
G7 leaders did not directly mention Facebook blocking the display of Australian news sites, in protest against a bill that required Facebook and Google to pay the country's media outlets when the news was shared on its platform.
The G7 leadership meeting took place in an atmosphere of cooperative and collective evaluation, as Biden delivered a message of rejoining the world and global institutions after four years of former President Donald Trump.
The G7 leaders meet in the context of Covid-19 pandemic, causing more than 2.4 million people to die, making the global economy fall into the worst decline stage since the Great Crisis in the 1930s, making
G7 includes him, Canada, Germany, Italy, France, America and Japan, with a total of 40,000 billion USD, nearly half of the world.
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