Leaders of the Group of Seven (G7) will meet in the French town of Evian from June 15 to 17, as they seek to address mounting geopolitical crises and global economic imbalances amid growing differences within the group.
The summit takes place against the backdrop of ongoing conflicts in Ukraine and the Middle East, which have added to global economic uncertainties, while divisions between the United States and its European allies have drawn attention ahead of the meeting.
The summit will bring together leaders from Britain, Canada, France, Germany, Italy, Japan and the United States, as well as the European Union (EU), to discuss responses to what France described as an increasingly unstable international environment marked by “rising conflicts, widening economic imbalances and weakened global governance.”
The French Foreign Ministry on Friday outlined several priority areas for the summit, including promoting balanced and sustainable economic growth, strengthening international cooperation, and enhancing critical minerals supply chains. The summit will also include exchanges of views on geopolitical crises.On economic issues, discussions will address macroeconomic imbalances such as high debt levels and insufficient investment, according to the French Foreign Ministry.
France has identified reducing global economic imbalances as a priority of its G7 presidency. French President Emmanuel Macron said such imbalances have reached levels not seen since the 2007-2008 global financial crisis and risk fueling protectionism and broader economic and geopolitical instability.
The summit will also focus on strengthening international solidarity and improving the effectiveness of development cooperation. Ensuring secure and diversified supply chains for critical minerals is another item on the agenda.
Geopolitical issues will also feature prominently on the agenda. According to the French Foreign Ministry, leaders will exchange views on the Ukraine crisis and the situation in the Middle East, including issues related to the Strait of Hormuz.
