Tokyo, Apr. 21, 2016 —Business organizations from the G7 countries held a summit in Tokyo, Japan, where the delegates identified the promotion of free trade, supporting the digital revolution and the promotion of free trade agreements as the top priorities the G7 leaders should take into consideration when they meet in Ise-Shima next month.
“These priorities are the result of a consensus among B7 representatives and are all aimed at the same goal: a stronger, growing global economy. In particular, trade is the vital exchange among nations – building prosperity, trust and interdependence. The G7 nations need to move forward together towards multilateral free trade agreements and harmonized regulations,”said the Hon. Perrin Beatty, President and CEO of the Canadian Chamber of Commerce.
The Canadian Chamber strongly urges the G7 leaders to prioritise the issues raised in our following joint recommendations, to incorporate them in the Leaders' Declaration, and to implement them without delay.
The recommendation topics are:
1. Realisation of resilient economy and inclusive growth
- Promote the elimination of excess capacity
- Promote quality infrastructure investment
- Establish a fair and modern international tax system
2. Global rule making regarding trade and investment
- Fight against all forms of protectionism
- Promote Mega-FTAs and bilateral/plurilateral agreements
- Rebuild multilateral trade and investment system
3. Promotion of digital revolution
- Secure cross-border data flow
- Promote regulatory cooperation
4. Policy coordination towards solving global agenda
- Climate change
- Circular society (Resource efficiency)
- Electrification of Africa
- Global health
The full set of recommendations can be found here.
The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions. Follow us on Twitter @CdnChamberofCom.
G. Will Dubreuil
Director, Public Affairs and Media Relations
The Canadian Chamber of Commerce