The world economy is approaching
a recession gradually and the Amazon fires issue has burned its way to the locus
of the climate change debate of the G-7 summit 2019 held in Biarritz, France. We
have gathered a set of expectations which were widely anticipated from the G7 Summit.
Later on, in this article, we put forward a brief of what genuinely took place
at the G7 Summit, held in Biarritz, France.
Expectations:
Emmanuel Macron, president of
France and the host had little expectation from Donald Trump as to join any
statement on fighting climate change even after the Amazon fire devastation, as
Trump is largely indifferent in international agreements.
Macron had abruptly put the
Amazon fires on the agenda and had threatened to block a European Union trade
deal with several South American States, including Brazil as well as Ireland.
However, German Chancellor, Angela Merkel completely disagreed with Macron on
this topic.
Earlier this week,
Macron told reporters that the situation was difficult because on subjects like
trade, Iran or the climate, for the first time in a long time the seven were
not unanimous.
All eyes were likely to be on the binary between Trump and British Prime Minister Boris Johnson, two figures who relish the perplexity they have sown. Angela Merkel is in her last term of office. Canadian leader Justin Trudeau, up for re-election this fall, is at the epicentre of a political scandal. Macron himself is profoundly detested in France, and the yellow vest protesters who have overwhelmed him since last year have shadowed him to Biarritz.
Lowered expectations are nothing new for the G-7, but this year’s intent was merely to avoid diplomatic catastrophe, salvage the possible and show the voters that their leaders have a role on the world stage.
All eyes were likely to be on the binary between Trump and British Prime Minister Boris Johnson, two figures who relish the perplexity they have sown. Angela Merkel is in her last term of office. Canadian leader Justin Trudeau, up for re-election this fall, is at the epicentre of a political scandal. Macron himself is profoundly detested in France, and the yellow vest protesters who have overwhelmed him since last year have shadowed him to Biarritz.
Lowered expectations are nothing new for the G-7, but this year’s intent was merely to avoid diplomatic catastrophe, salvage the possible and show the voters that their leaders have a role on the world stage.
Reality:
US President
Donald Trump pressed the G7 group to reinstate Russia as a permanent member of
the group. However, no consensus was reached on whether or not to invite Russia
to the next year’s G7 summit in the United States.
Trump notably skipped the climate crisis meeting of the G7
wherein the G7 pledged to spend more than $20m on fighting fires
tearing through the Amazon rainforest
Donald Trump also
expressed readiness to meet Iran’s President under the right circumstances to
end tensions over the 2015 nuclear deal. Trump, however, ruled out reimbursing
for losses suffered by Iran and made crippling sanctions.
A new trade agreement
was locked between the US and Japan. The deal aims to secure market access for
several American agricultural goods and Japan has agreed to purchase large sums
of corn from the US.
Indian Prime Minister
Narendra Modi while interacting with the media alongside US President Donald
Trump said that all issues between India and Pakistan are bilateral and does
require any mediation.
On Brexit, “Europe is very much unified in its representation
here," said Germany's Chancellor Angela Merkel. "We will have some
work to do in the autumn on Britain's exit. So, we face some busy weeks
ahead."
Emmanuel Macron said that France would scrap its own
digital tax once a new international levy being discussed among 134 OECD
(Organisation for Economic Co-operation and Development) countries was in
place. Paris would refund the difference if its national tax turns out to be
higher, he added.
Comments
Post a Comment