Policy Matters: Why the B7 Is Important, Especially Now

2025 is a big year for Canada. The world’s eyes will be on us, especially in June when the G7 assembles in Kananaskis, Alberta.

In the lead up to the G7, the Canadian Chamber of Commerce, as the B7 2025 President, will host the B7 Summit in May. Hosting a global event like the B7 Summit comes with high expectations. It’s a challenge we’re excited to meet.  

What Is the B7?

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The B7 is the official voice of the international business community within the G7 framework, an informal intergovernmental organization made up of the world’s seven largest advanced economies — the United States, the United Kingdom, Canada, Japan, Italy, France, Germany and the EU (although the EU isn’t part of the annual presidency rotation). The B7 is one of the arms-length, civil society-led engagement groups that provide recommendations to the G7.

What Is the Purpose of the B7 Summit?

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Ensuring that we build and maintain strategic relationships with international partners is critical to Canada’s long-term economic success. While governments may engage in deal making and negotiation, it’s businesses that engage in trade. As the 2025 B7 President, Canada has a prime opportunity to influence international policies and empower Canadian businesses to successfully navigate an uncertain future.

The B7 Summit is an unparalleled platform for addressing critical global challenges, fostering collaboration among the gathered countries’ representatives, and advancing tangible policy recommendations that drive economic growth and stability for all B7 members.

The Summit will conclude with the presentation of the official B7 Communiqué to the Government of Canada. The communiqué is a policy document outlining actionable proposals for critical economic sectors that the G7 can use when developing its own. The B7 Communiqué ensures that a strong business voice is heard as global economic priorities are being set.  

The Canadian Chamber’s Role as President

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As host, it’s our responsibility to lead discussions on various themes and push the priorities of Canadian businesses to the forefront of the global agenda. We also:

• Define priorities for the year ahead.
• Host and organize the annual B7 Summit — a two-day program.
• Organize ministerial-level meetings — The Canadian Chamber will host a B7 side program around select business-relevant G7 ministerials.

Why Global Forums like the G7/B7 Are More Important than Ever

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With international economies connected through complex supply chains, no nation is an island anymore. Yet, as global trade grows increasingly fragmented, forums like the G7 and G20 — along with their engagement groups — grow increasingly significant in bridging gaps and facilitating productive global economic cooperation.

The Canadian Chamber is committed to advancing the interests of Canadian businesses as the B7 host organization in Canada. Learn more about B7 Canada.