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A guide to everything you need to know



Aerial views of the nearby town of St. Ives near the Carbis Bay Estate Hotel and Beach, which should be the main venue for the upcoming G7 summit, were seen by a drone on June 2, 2021 in St. Ives, Cornwall.

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LONDON – The leaders of the G7 economies will hold a three-day summit in the UK, with climate change, the economy, the coronavirus pandemic and geopolitics being the main points of discussion.

CNBC has a quick guide to everything you need to know about the summit:

What̵
7;s happening?

From June 11 to 13 (Friday to Sunday), the leaders of seven of the world’s most advanced economies will meet in Cornwall, in the south-west of England.

Leaders will discuss shared challenges, from pandemics and vaccines to climate change, and “ensuring that people everywhere can benefit from open trade, technological change and scientific discovery,” according to the British government.

This is the first personal G7 summit in almost two years. Britain wants “leaders to seize the opportunity to get better back from the coronavirus by uniting to make the future fairer, greener and more prosperous.”

The public house Cornish Arms, decorated with the flags of the G-7 countries, near the place for the upcoming summit of the group of seven.

Bloomberg | Bloomberg | Getty Images

Who will be there?

The big names at the summit are undoubtedly the leaders of the G-7, which is made up of Britain, Canada, France, Germany, Italy, Japan and the US EU, which sends the presidents of the European Commission and the European Council is also present.

The summit is seen as one of the few forums where the world’s most influential societies and advanced economies come together for close-knit discussions.

This year, Australia, India and South Korea were invited to attend as guest countries and “to deepen the experience and experience around the table,” the UK government said.

The leaders present at the summit represent more than 60% of the people living in democracies around the world, representing more than 2.2 billion people and more than half of the world’s economy.

US President Joe Biden (L) and US First Lady Jill Biden disembarked from Air Force One on their arrival at the Royal Air Force Mildenhall, England on June 9, 2021, before the three-day G-7 summit.

BRENDAN SMYALOVSKY AFP | Getty Images

Where is?

The United Kingdom is hosting the summit as it currently holds the rotating G7 presidency. This year’s meeting takes place in the coastal town of Carbis Bay in Cornwall, the southwest region of England and a popular holiday destination for the British.

The leaders of the G-7 will meet at the Carbis Bay Hotel & Estate with security of the place and the surrounding area as strictly as you would expect for world leaders. A high security zone with concrete barriers and armed security police has been set up around the hotel and the perimeter of Tregenna Castle, where the G7 leaders will be staying.

Entire streets in Carbis Bay and nearby St. Ives noticed erected fences and a rush of police for the event, with more than 5,500 police officers stationed in Carbis Bay and St. Ives. Search and safety checks, as well as widespread fences blocking entire streets, have led to some resentment among locals, who say they have been “put in cages”, local media reported.

The hotel and beach Carbis Bay Estate, which should be the main venue for the upcoming G7 summit, can be seen from the beach on June 2, 2021 in St. Ives, Cornwall.

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Despite the beautiful coastline and the countryside, which will act as the backdrop for the latest G7 summit, Cornwall is one of the poorest regions in the UK and heavily dependent on agriculture and seasonal tourism.

Unemployment more than doubled in the region during the pandemic, and the UK government has promised long-term investments worth millions of pounds in the region as part of the G7’s legacy. We hope the high-profile event and the increase in future tourism will lead to an economic boost of around £ 50 million ($ 70.5 million) for Cornwall.

Police officers patrol the beach in front of the Carbis Bay Hotel, a conference venue at the top of the G7, on June 3, 2021 in Carbis Bay, Cornwall.

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What are the talking points?

The United Kingdom is hosting the G7 at a critical time in the world as major economies try to vaccinate their end to the pandemic and return to addressing other important and pressing issues, such as promoting free trade and combating change. climate before COP26 UN Climate Change Conference in November, which will also be hosted by the UK.

At the G21 summit in 2021, Britain hopes to unite the group under the slogan “building better” after the destruction of the Covid-19 pandemic. He wants the G-7 to do this by:

  • Leading the global recovery from coronavirus while strengthening our resilience to future pandemics (the UK is also expected to call on colleagues from G7 leaders to make concrete commitments to vaccinate the world against coronavirus by the end of 2022).
  • Promoting our future prosperity by protecting free and fair trade.
  • Tackling climate change and conserving the planet’s biodiversity.
  • Upholding our common values.

Russia and China are expected to speak at the G7 summit amid continuing dissatisfaction with Russia’s destabilizing actions (and the prospect of more sanctions against the country) and China’s trade policy.

The two countries are likely to take part in discussions at other G-7 summits: There is a NATO Allies meeting in Brussels on June 14, an EU-US summit on June 15, and then US President Joe Biden. directed to Geneva to meet with Russian President Vladimir Putin on June 16.

US President Joe Biden is preparing to address US Air Force personnel and their families stationed at the Royal Air Force Mildenhall, Suffolk, England on June 9, 2021, ahead of a three-day G-7 summit.

Brendan Smyalowski AFP | Getty Images

Will there be action?

Like other major meetings of world leaders, G-7 summits can often be criticized as nothing more than a talking shop for change that never materializes.

The lack of forces such as China and Russia (which were removed from the group and then left after the annexation of Crimea in 2014) has also led to criticism that the group excludes countries that should be involved in world affairs. .

Others who are more generous with the form say it is an opportunity for discussions and solutions for global collective action and collaboration.

The Prime Minister of the United Kingdom Boris Johnson defended the form before the summit, commenting that “as the most prominent group of democracies, the G7 has long been a catalyst for decisive international action to address the biggest challenges we face.”

The Prime Minister of the United Kingdom Boris Johnson chaired a session of the UN Security Council on Climate and Security at the Ministry of Foreign Affairs, Community and Development on February 23, 2021 in London, England. The United Kingdom is the rotating presidency of the Security Council and is hosting this year’s UN COP26 climate summit in Glasgow.

Stefan Rousseau – WPA Pool | Getty Images News Getty Images

“From the abolition of debts in the developing world to our universal condemnation of Russia’s annexation of Crimea, the world is striving for the G7 to apply our common values ​​and diplomatic power to create a more open and prosperous planet.”

“The coronavirus is undoubtedly the most destructive force we have seen in generations and the greatest test of the modern world order we have ever experienced. It is only right to approach the challenge of better recovery by uniting in a spirit of openness, for to create a better future, “Johnson said.


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