The G7 Believes That 2021 Will Be A Turning Point For Multilateralism

2021-02-19   |   by CusiGO

The covid-19 epidemic has killed more than 2.4 million people worldwide, and concerted global efforts are still needed to address its health and economic consequences. At the virtual meeting held on Friday, leaders of the group of seven, which brings together the most developed democracies, promised to strengthen international cooperation and “work together to make 2021 a turning point for multilateralism.”, Now the United States is again committed to international institutions. It is also the first international event for the new US President Joe Biden and Italian Prime Minister Mario Draghi to assume the rotating presidency of the G20 this year.

Boris Johnson, the British Prime Minister, failed, as he hoped, to make concrete commitments with his G7 counterparts to shorten the development time of new vaccines and treatments and to deliver to the poorest countries the excess vaccines they might have at home. Because, among other things, as President Joe Biden of the United States has reminded you, the priority now for all rulers is to vaccinate all their people first. “Today, with more than $4 billion in new financial commitments to the covax Initiative (providing vaccine doses to emerging countries), G7 support has reached $7.5 billion,” the communique of the group of Canada, France, Germany, Italy and the United States stressed, Japan and the UK will hold the rotating presidency this year.

Angela Merkel, the German Chancellor, said she supported Johnson’s plan to share the remaining vaccines because, as she stressed to the media after information gathered by the intervention agencies, “the epidemic will not end until everyone is vaccinated.” Germany also announced that it would provide an additional 1.5 billion euros for the global fight against the epidemic, making central European countries the first single donor in multilateral efforts to combat the coronavirus. The United States announced an immediate contribution of $2 billion to the initiative and a further $2 billion in the short term.

The G-7 communique also stressed the need to continue to support economies to ensure recovery. “Over the past year, we have provided unprecedented support to our economy, reaching $6 trillion across the G-7. “We will continue to support our economy to protect employment and support a strong, sustainable, balanced and inclusive recovery,” the report said. “The recovery of covid-19 must rebuild a better economy for all,” the communique stressed, It is committed to reforming the World Trade Organization and, within the framework of the ongoing work of the organization for economic cooperation and development (OECD), to a consensus reform on international taxation by the middle of this year.

The G-7 also mentioned China’s pledge that major countries will seek collective response and oppose “non market policies”, and stressed their commitment to strengthening a fair and mutually beneficial global economic system with G20 countries, including large economies such as China. The world. ”

Johnson also stressed the role of G7 in defending democratic values, and recalled that G7 leaders unanimously condemned the Myanmar coup or arrested Russian opposition leader Alexei navarni. “The Prime Minister stressed the responsibility of the G7 to show the world the benefits of our common democratic values in creating open and prosperous societies,” he stressed in a statement after the Downing Street meeting. Similarly, the British prime minister hopes to meet the leaders again in Cornwall next June, this time in person.