The 50th G7 Summit was held in Borgo Egnazia (Fasano) Apulia, it’s on 13-15 June 2024. Those in attendance included the Leaders of the seven member States, as well as the President of the European Council and the President of the European Commission representing the European Union.
Sharing a belief in democratic principles, universal human rights, social progress, respect for multilateralism and the rule of law, they met to reaffirm their unity and determination to meet global challenges.
The theme of this year’s summit was set as “rules-based international system”, with discussions focusing on defence, the Russia-Ukraine war, the conflict in the Middle East, food security and migration.
Ukraine
In terms of Ukraine, the key outcome was for $50 million USD to be made available to support Ukraine’s defence. Sanctions have been threatened against those who materially support the war.
Middle East
The leaders agreed to stand united in supporting an immediate ceasefire in Gaza, with the release of all hostages and a credible pathway that leads towards peace and a two-state system.
Economics and the International Trading System
Leaders reconfirmed their support for fostering strong and inclusive economic growth, strengthening the rules-based multilateral trading system and implementing a more stable and fairer international tax system fit for the 21st century. Leader also warned on the possibility of taking action against what they perceive as China’s unfair business practices and overcapacity that undermine jobs and industries in the West.
Technology
Leaders also had an exchange of vies with Pope Francis on the opportunities and dangers of Artificial Intelligence (AI), with all participants agreeing on the need for deepening cooperation to harness the benefits and manage the risks of AI. They have also committed to developing an action plan on the use of AI in the world of work and the implementation of the International Code of Conduct for Organisations Developing Advanced AI Systems.
Africa
Leaders agreed on an increased engagement with African countries, in the spirit of equitable strategic partnerships, launching the ‘Energy for Growth in Africa Initiative.’ The initiative builds upon existing G7 efforts to promote energy and climate investment in Africa.
Sustainable Development
Leaders assured their focus on the Sustainable Development Goals (SDG’s), to reduce poverty and tackle global challenges. They reaffirmed their commitment to gender equality, reinforcing global food security, enhancing climate resilience, including the launch of the Apulia Food Systems Initiative.
Migration
On the initiative of Italian Prime Minister Meloni, G7 leaders for the first-time discussed migration as a topic, agreeing on a collective commitment and enhanced cooperation in regards to migration. A new G7 coalition has been launched to tackle the smuggling of migrants.
