G7 leaders end the Cornwall summit with an ambitious agreement: the donation of 1 billion covid-19 vaccines to developing countries.
The commitment will be fulfilled either with direct donations or through the financing of the international program COVAX, which will distribute half of the amount agreed before the end of this year.
Experts estimate that a minimum of 11 billion doses will be needed to defeat the pandemic globally. Even so, the joint statement explains that the commitments made by the seven countries since the beginning of the pandemic bring the total cooperation to 2 billion doses and the figure is expected to increase progressively.
At the closing press conference, Prime Minister Boris Johnson said that 100 million doses will come out of the UK.
“I know that the world expected us to reject some of the selfishness and nationalistic approaches that have clouded the initial global response to the pandemic, and to channel all our diplomatic, economic and scientific might to finally defeat COVID, and I hope that we have been up to it. live up to some of the most optimistic hopes and predictions “
Biden, with an eye on China
And despite the fact that Joe Biden has not been able to take forceful action against China at the summit, the US president has managed to agree on an infrastructure plan aimed at low and middle-income countries. The project has been baptized as Build back better for the world (Rebuild better for the world, in Spanish) and will be the counterweight of the megaproject in Beijing that aims to revitalize the Silk Road with the construction of ports, roads and railways that facilitate new trade corridors that link China with Europe, Africa and other parts. from Asia.
“We have agreed to take important steps to support global economic recovery by laying the foundation for a fair global economy.” The G7 leaders have approved a global minimum tax of 15%. This agreement will help stop the race to the bottom that has been occurring among nations that attract corporate investment at the expense of priorities such as protecting our workers and investing in infrastructure, “said Biden who, although he has not convinced To all his allies in taking firmer positions against his fierce competitor, he is satisfied.
In addition, the G7 partners are willing to denounce alleged human rights abuses by China, including those in the northwestern province of Xinjiang, and to take action against forced labor in supply chains.
Beyond China, another of Biden’s concerns these days has been to prepare his first face-to-face with Putin on June 16 in Geneva.
Climate protests, present throughout the summit
Not far from the official meetings and photos, the weather protests were getting stronger and more cunning.
It is expected that on this last day of the summit, the Group of Seven will address joint plans to tackle climate change and develop a more sustainable global economy in the aftermath of the pandemic.
The funds provided by rich countries will serve to “accelerate the global shift towards renewable energy and sustainable technologies,” the British government, host of the summit, underlined in a statement.
The United Kingdom has taken advantage of the last day of the meeting to announce the creation of a fund of 500 million pounds (705 million euros) dedicated to eradicating “unsustainable” fishing in countries such as Ghana, Indonesia and various Pacific islands, as well as well as to protect coastal ecosystems such as corals and mangroves.