G7 Leaders underline the unity and positive spirit

The G7 Biarritz  statement underlines the unity and positive spirit of the ongoing debates. According to the final statement, the G7 is committed to open and fair world trade and to the stability of the global economy.

– The G7 wishes to overhaul the WTO to improve effectiveness with regard to intellectual property protection, to settle disputes more swiftly and to eliminate unfair trade practices, the statement said.

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The event was also about gender and environmental issues. They launched the Biarritz Partnership Gender Equality initiative for governments to join.

The leaders urged also  Multilateral Development Banks (MDBs) and other Development Finance Institutions (DFIs)

  • to build on existing efforts to promote transparency and accountability mechanisms
  • to support projects that respect international law and prevailing standards, including the rule of law, human and labour rights, gender equality, and environmental standards
  • and to avoid unjustified disparities in the treatment of companies in calls for tenders.

Regarding the climate change issues, the US President Donald Trump kept his earlier message same and underlined the importance of LNG energy as one of the major energy sources in the world.

-I’m not going to lose that wealth (LNG). I’m not going to lose it on dreams, on windmills, which frankly aren’t working too well,  he said in the media meeting.

The tone of voice related to trade deals and US -China trade was somewhat positive and according to Mr Trump he said that he has great respect on the Chinese President Xi.

According to Bloomberg, some analysts thought that the UK PM Boris Johnson had a good meeting with the other G7 leaders and this was a positive sign for the Brexit due to October 31st.

The financial markets turned to green and the New York closed clearly up. Dow Jones index closed up 1,07 %, S&P 500- index  1,11 % and technology Nasdaq- index 1,32 %.

Business Finance

US-UK trade deal on the agenda

The US and UK have been discussing about the trade deal between the countries after the Brexit deal, which is estimated to happen latest October 31st. This is part of the state visit of the US President Donald Trump and the UK royal family & Government.

According to the news conference on Tuesday, Mr Donald Trump said that the US-UK trade deal would have “tremendous potential” and coverage, even maybe the health care system NHS.

He also mentioned that the UK Brexit deal with the EU countries “will happen and should happen” and that it is important to deliver the Brexit. The US is offering the UK a broad free-trade agreement once the country has left the EU.

The UK Prime Minister Theresa May said also in the news conference that the UK should deliver the Brexit deal as the Goverment has been negotiated and that it is now the duty of the UK Parliament.

Mrs May is leaving the Downing Street 10 on Friday and the next Prime Minister will be chosen by the Conservatives during the summer time, maybe in July in the UK.

Business Finance