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August 27, 2019

G7 SUMMIT 2019: G7 LEADERS ISSUE DECLARATION

G7,France,Modi"

Photo: Prime Minister Narendra Modi of India with the Canadian Prime Minister Justin Trudeau at the G7 Summit, in Biarritz, France, on 25 August 2019.

Following is the Declaration issued by the G7 Leaders after the G7 Summit 2019 in Biarritz, France:

26 AUGUST 2019

The G7 Leaders wish to underline their great unity and the positive spirit of the debates. The G7 Summit, organized by France in Biarritz, has successfully produced agreements by the Heads of State and Government themselves on several points summarized below:

• Trade

The G7 is committed to open and fair world trade and the stability of the global economy.

The G7 requests that the Finance Ministers closely monitor the state of the global economy.

The G7 wishes to overhaul the WTO to improve effectiveness about intellectual property protection, to settle disputes more swiftly and to eliminate unfair trade practices.

The G7 commits to reaching in 2020 an agreement to simplify regulatory barriers and modernize international taxation within the framework of the OECD.

• Iran

We fully share the objective to foster peace and stability in the region.

• Ukraine

France and Germany will organize a Normandy format summit in the coming weeks to achieve tangible results.

• Libya

We support a truce in Libya that will lead to a long-term ceasefire.

We believe that only a political solution can ensure Libya’s stability.

We call for a well-prepared international conference to bring together all the stakeholders and regional actors relevant to this conflict.

We support in this regard the work of the United Nations and the African Union to set up an Inter-Libyan conference.

• Hong Kong

The G7 reaffirms the existence and importance of the Sino-British Joint Declaration of 1984 on Hong Kong and calls for avoidance of violence.

The G7 or ‘Group of Seven’ are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. It is an intergovernmental organization that was formed in 1975 by the top economies of the time as an informal forum to discuss pressing world issues.

Prime Minister Modi of India was invited to attend the Summit as a special guest of French President Emmanuel Macron.

Source: G7-2019, Biarritz, France.

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 7:37 AM | Link to this Post


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