{"id":1657,"date":"2021-06-15T11:22:34","date_gmt":"2021-06-15T11:22:34","guid":{"rendered":"https:\/\/depthtrade.com\/?p=1657"},"modified":"2021-10-11T17:44:31","modified_gmt":"2021-10-11T17:44:31","slug":"g7-recap-6-points-of-the-final-statement","status":"publish","type":"post","link":"http:\/\/localhost\/depth\/g7-recap-6-points-of-the-final-statement\/","title":{"rendered":"G7 Recap: 6 Points of the Final Statement"},"content":{"rendered":"\n

The heads of states and governments of the G-7 countries agreed on little that was concrete at their weekend summit in Cornwall, England. The final declaration contains a lot of generalities, but the meeting also sent an important signal: the Western industrialized nations are once again a force to be reckoned with.<\/em><\/p>\n\n\n\n

G7 Overview<\/strong>
The population of the G7 countries represents about 10 percent of the world’s population and generates about 45 percent of the world’s gross national income.<\/p>\n\n\n\n

The group was established in 1975 and expanded in 1998 with the addition of Russia to the G8. On March 25, 2014, the other members excluded Russia due to the annexation of Crimea and returned to the G7 format.<\/p>\n\n\n\n

Recap<\/strong>
For the group of states, the summit practically marked a new start after the era of U.S. President Donald Trump. His isolationist agenda had stressed and stymied the group. With their new President Joe Biden, the USA wants to return in the same direction as the other major western democracies…<\/p>\n\n\n\n

Biden spoke on Sunday of an “extraordinarily cooperative and productive meeting.” British Prime Minister Boris Johnson acted as host: He sounded almost more euphoric: There had been “a fantastic level of harmony.” The “Group of Seven” also includes Germany, France, Italy, Japan and Canada.<\/p>\n\n\n\n

The following six points were included by the G7 in their final statement:<\/p>\n\n\n\n