47th G7 summit

The 47th G7 summit is scheduled for 11–13 June 2021 in the United Kingdom while it holds the presidency of the G7.
The attendees will include the leaders of the seven G7 member states as well as representatives of the European Union. The President of the European Commission has been a permanently welcome participant at all meetings and decision-making since 1981, while the current President of the European Council has been the EU's co-representative since the 36th G8 summit, hosted by Canada in 2010.
Leaders at the summit.
Attendees are expected to include leaders of the G7 member states plus representatives of the European Union. The President of the European Commission has been a permanent participant at all meetings since 1981. The President of the European Council has been the EU's co-representative since the 36th G8 summit hosted by Canada in 2010.
The Prime Minister of the United Kingdom, Boris Johnson, has invited leaders from India, South Korea and Australia. Australia has welcomed the official invitation and it has been suggested that Australian Prime Minister Scott Morrison may discuss Facebook and digital content regulation, as he had done at the 2019 G7 Meeting and G20 summit. South Korean President Moon Jae-in accepted the invitation and extended an invitation to Johnson to attend the Partnering for Green Growth and the Global Goals 2030 (P4G Summit) in May 2021, which Johnson accepted. Indian Prime Minister Narendra Modi has also accepted the invitation. It has been suggested that Boris Johnson is attempting to expand the G7 group, a meeting forum for the world's leading economies, to create the D10, a forum for the world's ten leading democracies.
The 47th G7 Summit will be the first summit for Japanese Prime Minister Yoshihide Suga, U.S. President Joe Biden and Italian Prime Minister Mario Draghi. It is likely to be the last summit attended by German Chancellor Angela Merkel as she is not seeking re-election in the German federal election currently due to be held in September 2021.
In March 2014, the G7 declared that a meaningful discussion was currently not possible with Russia in the context of the G8. Since then meetings have continued within the G7 process. Donald Trump and Emmanuel Macron were reported to agree that Russia should be invited to the G7 Summit in 2020, but Britain and Canada threatened to veto such a proposal if the US and France went ahead. The 2020 summit was ultimately cancelled due to the COVID-19 pandemic.
Agenda.
Expected topics of discussion include developing a response to the COVID-19 pandemic and climate change. British Prime Minister Boris Johnson has pledged to call for the G7 to work on a global approach to pandemics to ensure an equal global distribution of COVID-19 vaccines and to prevent future pandemics. He has proposed a five-point plan to prevent future pandemics, which includes a worldwide network of zoonotic research hubs, developing global manufacturing capacity for treatments and vaccines, the design of a global early warning system, the agreement of global protocols for a future health emergency and the reduction of trade barriers. Johnson is also expected to focus on climate change, a top priority for the United Kingdom ahead of the COP26 conference it is due to host in November 2021. UK Secretary for Business Kwasi Kwarteng has indicated that Johnson will be seeking coordinate action on carbon border taxes, green finance, the phase-out of coal and helping poorer countries to set up climate change. While the taxes have been backed by the EU and US, EU climate ambassador Mark Vanhuekelen indicated that Australia may oppose the measures. 
Another expected topic of discussion is international co-ordination on economic policies. United States Secretary of the Treasury Janet Yellen has signaled a revival in American multilateralism, focusing on the need for continued economic support. Other finance ministers, including Italian economy minister Daniele Franco, French finance minister Bruno le Maire and UK chancellor Rishi Sunak have similarly called for close economic co-ordination on recovery plans and economic policies. Negotiations over reforming the corporate taxation of multinationals is also expected, with the United States agreeing to a deadline of the summer to make progress on the issue after threatening to impose tariffs on European countries in retaliation for their new digital sales tax. The United States is also reviewing a plan for the IMF to allocate up to £500bn in special drawing rights to its members, which has been widely endorsed by other countries but was previously blocked by the US.
G7 finance officials have also supported the need to regulate digital currencies. German Finance Minister Olaf Scholz issued a statement about his concerns of authorizing the launch of Facebook's Diem (formerly Libra) cryptocurrency in Europe.
Events leading to the summit.
On 12 February 2021, finance ministers and central bank governors from the G7 members held a meeting to discuss the relevant financial issues, from fiscal stimulus to aid for poor countries. They were joined by representatives from the European Commission, European Central Bank, and Eurogroup, and leaders of the IMF, World Bank Group, OECD and Financial Stability Board.
On 19 February 2021, a virtual meeting of G7 leaders was held to call for further international cooperation on vaccine distribution and to take steps on rebuilding from the coronavirus pandemic. The United Kingdom is expected to challenge other G7 countries to speed up the development of future vaccines to 100 days (a target previously set by the Coalition for Epidemic Preparedness Innovations) and to build momentum for a more coordinated approach to future pandemics, including the creation of a global health treaty. Ahead of the meeting, UK Prime Minister Boris Johnson promised to share surplus vaccines doses with developing countries and to call for help to develop vaccines more quickly. The meeting was US President Joe Biden's first multilateral engagement after taking office. He stressed the importance of international cooperation and declared "America is Back."
Japanese Prime Minister Yoshihide Suga stated Japan's determination to host the Tokyo Olympic and Paralympic Games. The G7 leaders supported the Olympics in the Leaders' Statement.
Also on 19 February 2021, the G7 leaders released their 'Leader's Statement' in which they pledged to intensify cooperation on the health response to COVID-19 and to support economic recovery. All leaders agreed on the need to ensure coronavirus vaccines, therapeutics and diagnostics reach those that need them and agreed on the need for a green, sustainable global recovery, in particular welcoming the United States' readmission to the Paris Climate Agreement. David Malpass, President of the World Bank, welcomed what he said was a new “spirit of international cooperation” by G7 nations and its enlarged commitments to COVAX. However, Malpass also stated that a lack of transparency of contracts and delivery schedules was hampering the effort to get vaccines to developing countries quickly.
On 12 March 2021, Foreign Ministers of G7 and the High Representative of the EU issued a joint statement on Hong Kong electoral change, expressing their grave concerns at the Chinese authorities’ decision fundamentally to erode democratic elements of the electoral system in Hong Kong.
On 18 March 2021, Foreign Ministers of G7 and the High Representative of EU issued a joint statement united in condemnation of continued annexation of Crimea by the Russian Federation.
On 22 March 2021, Prime Minister Boris Johnson invited the South African President Cyril Ramaphosa to attend the G7 Leaders’ Summit as a guest.
On 31 March 2021, the G7 Trade Ministers held their first meeting under the inaugural G7 Trade Track. They reaffirmed the importance of the rules-based multilateral trading system and welcomed Ngozi Okonjo-Iweala, the new WTO Director-General, to their meeting.
On 12 April 2021, The G7 foreign ministers issued their joint appeal on the eve of a NATO meeting in Brussels over concerns that the years-long conflict in eastern Ukraine could escalate sharply.
External links.
Official website