The 45th G7 Summit was held on 24th – 26th of August 2019, in Biarritz, Nouvelle-Aquitaine, France. The focus of discussion was on fighting income, gender inequality, and preserving biodiversity.
In March 2014, the G7 announced that a meaningful discussion was currently not possible with Russia in the context of the G8. From then on, meetings have continued within the G7 process. The first summit was held in Rambouillet, France, in 1975.
What does the summit do?
G7 was initially formed to discuss the economic and political concerns prompted by the 1973 oil crisis. The members of the Organization of Petroleum Export Countries increased the price of oil and cut global supplies to those countries who supported Israel during the Yom Kippur War.
From then onwards, the summit began to discuss international issues relating to trade, energy security, climate change, global health issues and more.
The countries that are part of the G7 include the United Kingdom, Canada, France, Germany, Italy, Japan, and the United States. Currently, the G7 is reckoned as the seven wealthiest and most advanced nations in the world.
G7 Summit – 2019
On Monday Prime Minister Narendra Modi met US President Donald Trump on the interests of the G7 Summit with consideration of world difficulties including the fires destroying the Amazon rainforest, but dominated by US President Donald Trump’s trade wars and subjects over the group’s unity.
— Donald J. Trump (@realDonaldTrump) August 26, 2019
Although India was not a member of the G7 group, yet PM Modi attended the G7 summit as a special guest. French President Emmanuel Macron has invited him to take part in the summit.
The Ministry of External Affairs (MEA) said that the invite was a “reflection of the personal chemistry” between the two leaders and also “recognition of India as a major economic power”.
The summit had discussions on various relevant topics such as:
- The AMAZON Forest
The main agenda of G7 comprised of discussions of the fires destroying the Amazon. The important part was Trump did not attend this session, instead of a senior member of the administrative took part. An indeed more significant concern is Trump insisting neighbouring associates into hard negotiations on market access and tariffs. At the end of the discussion, G7 countries vouched for $20 million to support action against wildfires in the Amazon rainforest.
- IRAN attended the summit
Iran’s foreign minister Mr Mohammad Javad Zarif attended the summit. He was yet another guest invited by President Macron. But it signified an uncertainty by the French host Emmanuel Macron, who is exploring to reduce stresses overhead a nuclear standoff between Iran and the US. Mr Zarif’s arrival for the summit caught many diplomats and the news media by surprise.
- TRUMP and MODI discussion on J&K
In the conversation without directly connecting to the Kashmir issue, PM Modi said, “There are many issues with Pakistan that are bilateral, We don’t bother other countries about these issues. We can find solutions through discussions also India and Pakistan were together before 1947, and I’m confident that we can discuss our problems and solve them together,”. To which US President Donald Trump replied that, all issues between India & Pakistan are bilateral and that is why they don’t bother any other country about them.
- France also classified the arising five purposes for the summit:
- Challenging inequality of opportunity, promoting in particular gender equality, access to education and high-quality health services.
- To reduce the environmental difference by preserving the planet by climate investment and a balanced eco-friendly transformation, protecting biodiversity and the oceans.
- To reinforce each social dimension of globalisation through further favourable and even-handed trade, tax and development policies.
- To necessitate movement for peace fronting security threats and terrorism which minimise the institutions of the societies.
- To tap into the opportunities generated by digital technology and artificial intelligence (AI).
- Trump unlocked opportunities to a potential business deal with China
As the US-China commerce war had a damaging impact on the global economy and GDP. Liu He the Chinese Vice Premier, who has been managing the talks with the US, pronounced during the Summit that China was ready to solve the trade conflict by “calm” discussions and resisted any increase in trade tensions.
Trump welcomed positive gesticulation. He remarked that he believed China was genuine about needing to move a settlement, and he had high respect for the fact.
- Support Hong Kong’s sovereignty
The G7 leaders authenticated the presence and significance of the Sino-British Joint Declaration of 1984 on Hong Kong and requested for violence to be circumvented.
Trump is considering to hold the next G7 meeting in one of his resorts, the National Doral luxury golf resort near Miami. Following the routine, the upcoming G7 summit will be hosted by the US in the year 2020. His statement of hosting the summit in his property brought in lots of criticism. Critics say that he is using his presidency to make money.
What has to be noticed in the upcoming days is to which direction US-China trade war will turn to as both the countries agreed on the discussion. Apart from this, the Brazilian government has planned the decline the aid suggested during the summit.