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Diplomania

The G-7 Summit: An Analytical Run down

By: Mahima Mathur and Shrivara Mahajan

Image source: Brunswick Group


Introduction


The Leaders of the Group of Seven (G7) gathered in Apulia, Italy to reaffirm their enduring

unity and determination to meet global challenges at a crucial historical moment, as the

international community confronts a series of geopolitical upheavals. They reiterated their

shared belief in democratic principles and free societies, universal human rights, social

progress, and respect for multilateralism and the rule of law. They committed to providing

opportunities and pursuing shared prosperity, seeking to strengthen international rules and

norms for the benefit of all.


Their work is grounded in their commitment to respect the UN Charter, safeguard

international peace and security, and uphold the free and open rules-based international order.

They pledged to support more effective, inclusive, and equitable global governance that

reflects the changing world, reaffirming their commitment to uphold human dignity and the

the rule of law globally.


Key Outcomes


Together with others, they addressed the pressing challenges of the time. They:


  • Stood in solidarity to support Ukraine’s fight for freedom and its reconstruction,

pledging approximately USD 50 billion leveraging the extraordinary revenues of

immobilized Russian sovereign assets. They sent an unmistakable signal to President

Putin by stepping up collective efforts to disarm and defund Russia’s military

industrial complex.


  • United in supporting a comprehensive deal for Gaza that would lead to an immediate

ceasefire, the release of all hostages, and a credible pathway towards peace, leading to

a two-state solution. They called for a significant and sustained increase in

humanitarian assistance.


  • Engaged with African countries in a spirit of equitable and strategic partnership,

advancing efforts to invest in sustainable infrastructure through the G-7 launched

Partnership for Global Investment and Infrastructure (PGII), and launching the

Energy for Growth in Africa initiative with several African partners.


  • Acted to enable countries to invest in their future and achieve the Sustainable

Development Goals (SDGs), recognizing that reducing poverty and tackling global

challenges go hand in hand. They aimed to achieve better, bigger, and more effective

Multilateral Development Banks, enabling the World Bank to boost its lending by

USD 70 billion over the next ten years, and called for international action to address

debt burdens.


  • Reinforced global food security and enhanced climate resilience, including by

launching the Apulia Food Systems Initiative.


  • Reaffirmed their commitment to gender equality, planning to unlock at least USD 20

billion over three years in investments to boost women’s empowerment with

International Financial Institutions.


  • Took concrete steps to address the triple crisis of climate change, pollution, and

biodiversity loss, including by submitting ambitious 1.5°C aligned Nationally

Determined Contributions. They spearheaded global efforts to preserve forests and

oceans and to end plastic pollution.


  • Affirmed their collective commitment and enhanced cooperation to address migration,

tackling challenges and seizing opportunities it presents, in partnership with countries

of origin and transit. They focused on the root causes of irregular migration, efforts to

enhance border management and curb transnational organized crime, and safe and

regular pathways for migration, launching the G7 Coalition to prevent and counter the

smuggling of migrants.


  • Deepened their cooperation to harness the benefits and manage the risks of Artificial

Intelligence (AI), is planning to launch an action plan on the use of AI in the world of

work and develop a brand to support the implementation of the International Code of

Conduct for Organizations Developing Advanced AI Systems.


  • Fostered strong and inclusive global economic growth, maintained financial stability,

and invested in their economies to promote jobs and accelerate digital and clean

energy transitions. They remained committed to strengthening the rules-based

multilateral trading system and implementing a more stable and fairer international

tax system fit for the 21st century.


  • Acted together to promote economic resilience, confront non-market policies and

practices that undermine the level playing field and their economic security, and

strengthened coordination to address global overcapacity challenges.


The 2024 G-7 Summit substantively, brought together the world’s most advanced

economies to address a multitude of pressing global issues. A significant highlight

was the renewed focus on climate change, with leaders committing to ambitious goals

for reducing carbon emissions. This commitment reflects an acknowledgement of the

urgent need to transition to sustainable energy sources and curb global warming. The

summit underscored the importance of international cooperation, especially in

funding green technologies and supporting developing nations in their environmental

initiatives.

Economic recovery post-pandemic was another critical agenda at the

summit. The G-7 leaders discussed strategies to bolster global supply chains, address

inflation, and support equitable vaccine distribution. The emphasis on economic

resilience and inclusivity highlighted the collective understanding that recovery must

be holistic, benefiting all segments of society. The summit also saw debates on digital

transformation and the regulation of technology giants, recognizing the need for a

balanced approach that fosters innovation while protecting consumer rights and data

privacy.


Geopolitical dynamics played a crucial role in the discussions, with a particular focus

on the war in Ukraine and its global ramifications. The G-7 leaders reiterated their

support for Ukraine, emphasizing the need for a unified stance against aggression and

the importance of sustaining sanctions on Russia. This solidarity aims to send a strong

message about the consequences of undermining international law and sovereignty.

Additionally, the summit addressed the challenges posed by China’s rising influence,

with a call for a coordinated approach to ensure a rules-based international order.


Overall, the G-7 Summit in Italy highlighted the interconnectedness of global

challenges and the necessity for collective action. While there were clear agreements

on several fronts, the summit also exposed underlying frictions, reflecting the diverse

interests and priorities of member nations. Moving forward, the effectiveness of the

summit's resolutions will hinge on the commitment of these nations to translate

dialogue into tangible actions, ensuring that global progress is inclusive and

sustainable.


References

1. Group of Seven. Apulia G7 Leaders’ communiqué.


2. Hub, I. S. K. Event: G7 Summit 2024 | SDG Knowledge Hub | IISD.


3. G7 Italia. G7 Italia 2024.


4. India, T. O. (2024, June 15). G7 Summit 2024 Live Updates: Italy PM Georgia

Meloni says EU states won’t be directly involved in G7 Ukraine. The Times of India.

https://timesofindia.indiatimes.com/world/g7-summit-2024-live-updatesitalygiorgiameloni-

india-pm-modi-apulia-borgo-egnazia-g7-summit-agendaaimediterraneanenergy-

africa-russia-ukraine-war/liveblog/110960357.cms


5. Group of Nations // G7 & G20. (2023, November 22). 50th Anniversary of the G7

Summit to be held in Italy 2024: G7 is June 13-15th 2024 - Group of Nations // G7 &

G20. Group of Nations // G7 & G20 - groupofnations.com.

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