G7 Summit: The Final Agreements of G7 Leaders Summit 2015 in Germany

           G7 Summit: The Final Agreements of G7 Leaders Summit 2015 in Germany 

The leaders of the Group of Seven (G7) industrial nations last three days met for a two-day summit in the Bavarian Alps with a strong agenda that affects the whole globe including global terrorism, Ukraine and climate change.
Let us streamline the main points of what was agreed at the Group of Seven (G7) industrial nations two day summit. 

• TERRORISM

The G7 leaders invited several heads of government from countries fighting jihadists to attend the talks for the first time .

The G7 communique said. ''In light of the Foreign Terrorist Fighters phenomenon, the fight against terrorism and violent extremism will have to remain the priority for the whole international community,”

“In this context we welcome the continued efforts of the Global Coalition to counter ISIL/Daesh. We reaffirm our commitment to defeating this terrorist group and combating the spread of its hateful ideology.”

Group of Seven (G7) industrial nations pledged to “strengthen our coordinated action” against terrorism, including in the fight against “terrorist financing”.

•  GLOBAL ECONOMY

“The global economic recovery has progressed since last time we met,” G7 leaders noted, with the decline of energy prices having “supportive effects in most of the G7 economies.”

“However, many of our economies are still operating below their full potential and more work is needed to achieve our aim of strong, sustainable and balanced growth,” G7 stressed out.

They added“Overall G7 unemployment is still too high, although it has decreased substantially in recent years.

•  HEALTH

The Ebola crisis has shown that the world needs to “improve its capacity to prevent, protect against, detect, report and respond to public health emergencies,” the communique said.

G7 Leaders said promised that they were “strongly committed to getting the Ebola cases down to zero” and recognized the “importance of supporting recovery for those countries most affected by the outbreak.”

they said,“We must draw lessons from this crisis.

•  LABOUR SAFETY

“The G7 countries have an important role to play in promoting labour rights, decent working conditions and environmental protection in global supply chains,” the statement said. 

• UKRAINE 

G7 Leaders affirmed that they were “ready to take further restrictive measures in order to increase cost on Russia should its actions so require again.”

They added that the “duration of sanctions should be clearly linked to Russia’s complete implementation of the Minsk agreements and respect for Ukraine’s sovereignty.”

The leaders also showed its concern about the recent flare-up in fighting and urged “all sides to fully respect and implement the ceasefire and withdraw heavy weapons.”

•  CLIMATE CHANGE

The Group of Seven (G7) industrial nations leaders said “urgent and concrete action” was needed to address climate change.

They said “deep cuts in global greenhouse gas emissions are required with a de-carbonisation of the global economy over the course of this century.”

“As a common vision for a global goal of greenhouse gas emissions reductions we support … the upper end of the latest IPCC (Intergovernmental Panel on Climate Change) recommendation of 40 to 70 percent reductions by 2050 compared to 2010, recognizing that this challenge can only be met by a global response.”

• WOMEN 

The leaders said that “across the G7 countries and around the world, far fewer women than men run their own businesses often due to additional barriers that women face in starting and growing businesses.”

They also noted, “We agree on common principles to boost women’s entrepreneurship … We will make girls and women aware of the possibility of becoming entrepreneurs.

• TRADE 

Fostering global economic growth by reducing barriers to trade remains “very important” and the G7 leaders “reaffirm their commitment to keep markets open and fight all forms of protectionism, including through standstill and rollback.”

The seven leaders also “welcome(d) progress on major ongoing trade negotiations, including on the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP) and the EU-Japan FTA/Economic Partnership Agreement (EPA).