44th G7 summit
|44th G7 summit|
|Date||8–9 June 2018|
|Venue(s)||Fairmont Le Manoir Richelieu, La Malbaie, Quebec, Canada|
|Follows||43rd G7 summit|
|Precedes||45th G7 summit|
In March 2014, the Group of Seven (G7) — comprising leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States — declared that a meaningful discussion was currently not possible with Russia in the context of the G8. Since then, meetings have continued within the G7 process. On the first day of the summit, the United States announced that it would push for the reinstatement of Russia. Italy also requested a restoration of the G8 shortly after. President Trump also pushed for other countries to recognize Crimea as part of Russia, and stated that Ukraine was "one of the most corrupt countries in the world" to G7 leaders.
The summit received much attention due to a significant decline of relations of members with the United States. As a result, the summit was dubbed the "G6+1" by France and some members of the media, signifying the "isolation of the United States" in light of recent events.
The Fairmont Le Manoir Richelieu in La Malbaie, Quebec, Canada, was chosen as the host of the G7 summit, in part due to its natural beauty and security. It is the first G7 summit to be hosted by Quebec since 1981. La Malbaie, once a resort town that hosted American presidents, required US$465 million in preparations, including new high-speed internet service, new cellphone towers, and security fences. Kelowna, British Columbia, was also considered as a potential host.
Agenda and preparationEdit
In May 2017, Canadian Prime Minister Justin Trudeau stated that he intended to "showcase both its domestic and international priorities: to strengthen the middle class, advance gender equality, fight climate change, and promote respect for diversity and inclusion".
In December 2017, Trudeau unveiled the summit logo and announced five key themes that Canada would advance once it assumed the Presidency of the G7 on 1 January 2018.
- Investing in growth that works for everyone
- Preparing for jobs of the future
- Advancing gender equality and women's empowerment
- Working together on climate change, oceans and clean energy
- Building a more peaceful and secure world
The notion of "economic growth that works for everyone" or "equitable growth", known as 'Croissance Équitable' in French, is rooted in the papal encyclical Rerum Novarum which has had a profound influence on the economic thought of French and Quebecer policy makers – including Pierre Elliott Trudeau and other alumni of the Université de Montréal.
It holds that governments and institutional investors must always have in mind the best interests of employees when making investment decisions—including decent wages and pension benefits. Engaged employee-nominated pension board members are expected to contribute to the development of the equitable investment ethos that will drive this economic approach.
Canadian and French thought leaders have stressed the need to achieve gender equality across all economic sectors by using modern, quantitative managerial tools that can help more precisely measure gender pay gaps and thus inform corrective policy measures at both the corporate and government level. Meeting in Paris, Montreal and Toronto in the weeks leading up to the Charlevoix summit, Canadian and European asset owners and policy makers agreed on the need to step up and assume more responsibility for the advancement of women's rights and other "related social parameters" across all assets classes.
In that perspective, Canadian Prime Minister Justin Trudeau is expected to announce a distinct G7 sustainability initiative focusing specifically on gender diversity across global capital markets—for which "the Canada Pension Plan, OMERS, the Caisse de dépôt et placement du Québec and the Ontario Teachers' Pension Plan are each expected to pitch in [initially] $1 million apiece, with another $5 million from the federal government."
Climate change, oceans and clean energyEdit
World Pensions Council (WPC) economist Nicolas J. Firzli has argued that, in spite of the United States withdrawal from the Paris Agreement, the G7-driven process of international consensus-building could still be tilted in favor of renewed cooperation towards the attainment of the Sustainable Development Goals—thanks notably to Justin Trudeau's multilateralist approach and the rapid shift towards ESG-informed investment policies amongst US and Canadian institutional investors.
Leaders at the summitEdit
The attendees included the leaders of the seven G7 member states as well as representatives of the European Union. The President of the European Commission has been a permanently welcome participant at all meetings and decision-making since 1981.
|Core G7 members|
Host state and leader are shown in bold text.
|Canada||Justin Trudeau||Prime Minister|
|Italy||Italy||Giuseppe Conte||Prime Minister|
|Japan||Japan||Shinzō Abe||Prime Minister|
|UK||United Kingdom||Theresa May||Prime Minister|
|US||United States||Donald Trump||President|
|European Union||European Union||Jean-Claude Juncker||Commission President|
|Donald Tusk||Council President|
Gallery of participating leadersEdit
Heads of governmentEdit
The following leaders were invited to the Outreach Session of the G7 Summit.
Heads of international organizationsEdit
The following heads of international organizations were invited to the Outreach Session of the G7 Summit.
Dispute with Donald TrumpEdit
The summit was dubbed the "G6+1" by the Government of France and political commentators. This resulted from the United States withdrawing from the Joint Comprehensive Plan of Action and from the Paris Agreement, American tariffs, and trade-related disputes between Trump and French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau.
Comments by Donald Trump on Shinzo AbeEdit
President Trump insulted Japanese Prime Minister Shinzo Abe. He stated he would send 25 million ethnic Mexicans to Japan, saying that "you don't have this problem, but I can send you 25 million Mexicans and you'll be out of office very soon."
Comments by Donald Trump on Justin TrudeauEdit
Trump left the summit early in order to travel to Singapore for the United States' first summit with North Korean leader Kim Jong-un. On 9 June 2018, he tweeted that he had instructed the representatives of the United States not to endorse the communique and criticized Justin Trudeau's statements at a news conference following the meeting, calling him "meek and mild" and "dishonest & weak".
Advisor to the President Peter Navarro spoke harshly negative words about Canadian Prime Minister Justin Trudeau, saying that there is "a special place in Hell" for Justin Trudeau. He later apologized for the language, but stood behind his statement.
Political scientist Brian Klaas stated that "By attacking allies while championing Russia, Trump made the G-7 summit a disaster—but he fulfilled Vladimir Putin's biggest fantasy. An absolute disgrace."
Former United States Deputy Secretary of State Strobe Talbott wrote that Donald Trump is "the democratic world's worst nightmare. He has crippled NATO, the North Atlantic community, the European Union and now the G-7. In Putin's zero-sum worldview, that is a dream come true." 
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The G7 meeting has become more like a G6+1, with Trump choosing to isolate the US on a number of issues from trade to Iran and climate change.
- Allen, Jonathan (8 June 2018). "Welcome to the G6+1: Trump reps an isolated America at the G-7 summit". NBC News. Retrieved 8 June 2018.
The G-7 this year looks more like a G6+1. That's how French Foreign Minister Bruno Le Maire recently described America's increasingly isolated position as the Group of Seven nations — the U.S., Britain, France, Japan, Germany, Italy and Canada — start a two-day meeting in Charlevoix, Canada, Friday.
- Kottasová, Ivana (8 June 2018). "G7 summit angst; ZTE deal; IMF in Argentina". CNN. Retrieved 8 June 2018.
Diplomatic tensions and an escalating trade war mean that President Donald Trump can expect a chilly reception at the summit, which some have dubbed the G6+1.
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- Firzli, Nicolas (3 April 2018). "Greening, Governance and Growth in the Age of Popular Empowerment". FT Pensions Experts. Retrieved 27 April 2018.
- Smith, Marie-Danielle (28 May 2018). "Canadian government to announce G7 sustainability initiative with focus on gender diversity in global capital markets". National Post. NP. Retrieved 3 June 2018.
- Wells, Jennifer (22 May 2018). "Melinda Gates may be just the person to help push for gender equality at the G7". Toronto Star.
- Firzli, Nicolas (15 January 2018). "The New Geopolitics of Globalization and the Road to Charlevoix". Revue Analyse Financière. SFAF. Retrieved 1 June 2018.
- "World leaders coming together at the G7 Summit to protect our oceans, seas and coastal communities" (Press release). PMO. 1 June 2018.
- Parker, Emre; Vieira, Paul; Pop, Valentine (15 June 2018). "Behind the Scenes at G-7 Meetings, Allies Dismayed by Trump's Jabs". The Wall Street Journal. Retrieved 17 June 2018.
- Fredericks, Bob (15 June 2018). "Trump told Shinzo Abe he'd ship 25 million Mexicans to Japan". New York Post. Retrieved 17 June 2018.
- Howarth, Angus (10 June 2018). "Donald Trump rejects G7 communique as he brands Justin Trudeau 'weak'". The Scotsman. Retrieved 11 June 2018.
- @realDonaldTrump (9 June 2018). "PM Justin Trudeau of Canada acted so meek and mild during our @G7 meetings only to give a news conference after I left saying that, "US Tariffs were kind of insulting" and he "will not be pushed around." Very dishonest & weak. Our Tariffs are in response to his of 270% on dairy!" (Tweet). Archived from the original on 9 June 2018 – via Twitter.
- Solomon, Deborah (11 June 2018). "Who is Peter Navarro?". The New York Times. Retrieved 13 June 2018.
- Borchers, Callum (12 June 2018). "White House to Justin Trudeau: Sorry, Not Sorry". The Washington Post. Retrieved 17 June 2018.
- Baker, Peter; Shear, Michael (9 June 2018). "Trump's Blasts Upend G-7, Alienating Oldest Allies". The New York Times. Retrieved 17 June 2018.
- Morgan, David (11 June 2018). "Analyst: Trump's G-7 performance was "geopolitical equivalent of the Comey firing"". CBS News. Retrieved 12 June 2018.
- Klaas, Brian (10 June 2018). "On Donald Trump and the G7". Retrieved 13 June 2018 – via Twitter.
- Talbott, Strobe (11 June 2018). "Trump Just Blew Up The G7. Now What?". Brookings Institution. Retrieved 13 June 2018.