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Economic security policies in G7 countries

Mad-Daqqa t’Għajn 24-10-2023

In an increasingly challenging geopolitical environment, the notion of economic security is gaining traction. The May 2023 G7 summit produced, for the first time, a dedicated statement on the topic and the EU adopted its first strategy in June 2023. G7 countries are also expanding the range of measures tackling complex security risks.

US approach to outbound investment screening

Mad-Daqqa t’Għajn 13-09-2023

On 9 August 2023, US President Joe Biden issued an executive order to regulate certain types of US outbound investment in semiconductors and microelectronics, quantum information technologies and artificial intelligence sectors in 'countries of concern', where this investment may be a threat to US national security. Investment in these technologies or subsets of them will be subject to notification rules, or prohibited. The US Treasury Department, tasked with drafting the implementation rules, concurrently ...

Japan's economic security legislation

Mad-Daqqa t’Għajn 12-07-2023

At their summit in Hiroshima (Japan), G7 leaders agreed to coordinate their approach to economic resilience and economic security. In the EU, this was followed by the Economic Security Strategy presented in June 2023. Among the G7 countries, Japan was the first to announce, in the autumn of 2021, a legislative package meant to reinforce economic resilience and economic security, now in the final stage of implementation. Cooperation on economic security will feature on the agenda of the 29th EU–Japan ...

The 49th G7 Summit, bringing together the leaders of the United States (US), Canada, Japan, France, Germany, Italy, the United Kingdom (UK) and the European Union (EU), took place on 19 21 May 2023 under the Japanese Presidency in Hiroshima, a city with worldwide symbolic importance for war, nuclear devastation and peace. Russia's war of aggression against Ukraine dominated the leaders' summit once again, with Ukraine's President, Volodymyr Zelenskyy, attending in person. The other main issue was ...

The 48th G7 Summit took place at Schloss Elmau, Germany, on 26-28 June 2022. Russia's war on Ukraine has heavily affected the G7's deliberations this year and created pressing new global challenges that were discussed both in the preparatory meetings and at the summit itself. The resulting communiqué focuses on supporting Ukraine, on reducing the impact of the war on the global economy, security of supply and prices of energy and food, climate challenges and the new G7 partnership for infrastructure ...

Plenary round-up - June I 2021

Mad-Daqqa t’Għajn 11-06-2021

The June I 2021 plenary session took place in Strasbourg once more (although still in hybrid form), some 15 months after the previous session was held there, with coronavirus-containment measures restricting the Parliament's activity throughout that period. A number of important debates took place, including on European Council and European Commission statements on the conclusions of the special meeting of the European Council on 24 and 25 May 2021, and on preparation for the G7 and EU-US Summits ...

The 47th G7 summit is scheduled for 11-13 June 2021, and will be chaired and hosted by the United Kingdom. After a year-long break caused by the pandemic and the former US administration's inability to organise the 2020 summit at a later date than initially scheduled, this year's event is expected to mark a return to strong global cooperation among the world's major democracies. The leaders of four guest states – Australia, India, South Africa and South Korea – will join the leaders of the G7 nations ...

On 11 March 2020, the World Health Organization declared the spread of COVID-19 to be a pandemic, confirming the global impact of the disease. Across the world, regional and global international organisations are stepping up coordination to confront the medical crisis and mitigate its effects on economies, societies and individuals.

The 2018 G7 Summit: Issues to watch

Mad-Daqqa t’Għajn 07-06-2018

On 8 and 9 June 2018, the leaders of the G7 will meet for the 44th G7 Summit in Charlevoix, Quebec, for the annual summit of the informal grouping of seven of the world's major advanced economies. The summit takes place amidst growing tensions between the US and other G7 countries over security and multilateralism.

The 2017 G7 Summit in Taormina

Mad-Daqqa t’Għajn 23-05-2017

On 26 and 27 May 2017, the G7 will hold its 43rd summit in Taormina, Italy. The summit is expected to focus on the global economy, foreign policy, security of citizens, and environmental sustainability. The EU will be represented by the Presidents of the European Council and Commission.