From April 20-21, represented by our President and CEO, Perrin Beatty, we joined business organizations from other G7 countries at the B7Summit held in Tokyo, Japan. This was an important opportunity for business representatives from all over the world to work together to determine global economic priorities and prepare recommendations for the world leaders to bring forth at the G7 Summit in Ise-Shima, Japan later this month.
The B7 Summit’s opening speaker was Japanese Prime Minister Shinzo Abe, who explained that the global economy was facing many challenges, but that by working together, countries would be able to create a viable action plan to support worldwide economic prosperity.
In order to support the growth of the world economy, the delegates identified promoting free trade, investing in trade-enabling structures, supporting the digital revolution and cooperating on trade and economic policy as their top priorities.
Perrin made the argument that trade is a vital exchange among nations and contributes to building prosperity, trust and interdependence. The G7 nations need to move forward together towards multilateral free trade agreements and harmonized regulations.
The delegates were further able to discuss the priorities identified with Prime Minister Abe when he invited them to dinner at his official residence. In an open dialogue, the delegates and the Prime Minister discussed what Japan could do to lead the change necessary to create a climate of economic growth.
Consult the B7 Summit joint recommendations. We join our partners in strongly urging the G7 leaders to incorporate these recommendations in the Leaders’ Declaration and to implement them as soon as possible.