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G7 meet

G7 meet

  • At the invitation of UK Prime Minister Boris Johnson, Prime Minister Narendra Modi participated virtually in the Outreach Sessions of the G7 Summit.
  • Non-G-7 nations India, South Korea, Australia and South Africa were invited.
  • The theme is ‘Build Back Better’.
  • The UK has outlined four priority areas for its presidency: leading the global recovery from coronavirus while strengthening resilience against future pandemics; promoting future prosperity by championing free and fair trade; tackling climate change and preserving the planet’s biodiversity; and championing shared values and open societies.

Key takeaways:

  • Calls for new COVID-19 origin probe
  • Pledge to end the pandemic
  • Deliver 1 billion Covid vaccine doses by end of the year
  • Adopted Carbis Bay Declaration
  • Vow to prepare for future outbreaks of COVID like situations
  • Pledge to cut emission, and halt biodiversity loss
  • Become carbon neutral by 2050
  • Phase-out the use of unabated coal
  • Conserve 30% of land and ocean water by 2030
  • Stronger collective stance towards china
  • B3W( Built Back Better World) to invest in developing countries to counter China’s BRI.
  • Global Minimum Corporate Tax rate at least 15%

India in 47th G7 summit 2021

  • India signed off on a joint statement by G-7 and guest countries on “open societies” that reaffirm and encourage the values of “freedom of expression, both online and offline, as a freedom that safeguards democracy and helps people live free from fear and oppression”.
  • Indian PM calls for open vaccine chains, ‘one world, one health’
  • India had been invited by the G7 French presidency in 2019
  • During Prime Minister Manmohan Singh’s tenure, India attended the G8 Summit five times.