G7 leaders have issued a joint statement stressing the need for tougher action to eradicate the epidemic and counter China

The world’s wealthiest democracies have issued a joint statement stressing the need for tougher action to eradicate the epidemic and counter China. President Biden then had tea with Queen Elizabeth and said the monarch to remind him of his mother.

As the leaders of the world’s wealthiest nations convened their first private meeting since the outbreak of the epidemic, they issued a joint statement on Sunday, emphasizing areas of solidarity—and the differences that remain — When it comes to dealing with a number of global crises.

The group, including President Biden, has not reach agreement on a timeline for ending the use of coal to generate electricity, a failure that climate activists say ahead of the Global Climate Conference later this year, there was deep disappointment.

The leaders tried to present a united front until it remains to be seen how the plans will be implemented.

The agreement represented a dramatic return to postwar-US international diplomacy, and Mr. Biden said it was a testament to the strength of the world’s democratic forces in tackling difficult issues.

Speaking to reporters after the meeting, Mr. Biden said the leaders’ global approval of the minimum tax would help ensure global equity and propose financing infrastructure projects in the developing world Will counteract the influence of China, Provided what he said was a “democratic alternative.”

He said that these measures would promote democratic values ​​and not “lack of sovereignty of values”.

Mr Biden said: “Everyone at the table understands the seriousness of the challenges we are facing and it is the responsibility of our proud democracies to reach out to the rest of the world.

The Prime Minister of the United Kingdom, Boris Johnson, who hosted the summit, said the gathering was an opportunity to demonstrate the “benefits of democracy”.

He said it would begin with agreements to speed up the world’s vaccination efforts, which he called “the greatest achievement in medical history.”

He said it would begin with agreements to speed up the world’s vaccination efforts, which he called “the greatest achievement in medical history.”

Asked about the failure to go further on climate policy by setting appropriate timelines, Mr. Johnson said the general criticism had been misplaced and that the full scope of what he had achieved during the summit was Failed to keep in mind.

“I think it’s been very productive for a few days now,” he said.

Mr Biden hopes to use his first trip abroad to manage the world’s toughest challenges as a system of government.

A statement issued on Sunday highlighted some of the key issues that have dominated the summit, outlining the need to stem China’s rise.

“Three years ago, China was not even mentioned in the G7 statement,” according to an administration official who briefed reporters on the contents. “This year, there is a section on China that speaks to the importance of integrating and responding to China’s non-market economic practices, including Xinjiang and Hong Kong, and speaking out against human rights abuses.”

The statement promised “action against forced labor practices in agriculture, solar and clothing sectors.”

It also “addresses the need for supply chain flexibility and technology standards so that democracies can connect and support each other.”

At the same time, the United Nations agreed to revise international tax law, unveiling a comprehensive agreement aimed at preventing large multinational companies from seeking tax havens.

The administration official called it the historic endorsement of the race to impose a corporate tax with the lowest tax in a world history that would help finance domestic renewal and grow the middle class.

But for all the good wishes and declarations of the Alliance, there were questions about how these proposals would be translated into real-world action.

On tax laws, for example, many hurdles remain to be overcome.

The biggest hurdle in ending the deal could be the United States. The Biden administration must win approval from a narrowly divided Congress to make changes to the tax code, and Republicans have shown resistance to Mr. Biden’s plans.

Latest Indian news

Popular Stories

Latest Video