Leaders from of the seven wealthiest democracies – the United States, Canada, France, Germany, Italy, Japan and the United Kingdom – Friday started three days of talks at the tiny village of Carbis Bay, near St. Ives in Cornwall, England, in pursuit of a greener, more prosperous and equitable future under the “build back better” motto.
By Gwynne Dyer – It’s not Bretton Woods, but it’s a start. The decision by finance ministers from G7 countries to create a global minimum tax rate on corporate profits, and reaffirmed by world leaders meeting in Cornwall, is a step in the right direction if only a baby step. The tide was due to turn about now, according to one theory, and maybe it’s finally happening.
Britain’s Queen Elizabeth hosted on Friday reception for leaders of the Group of Seven (G-7) richest nations, who are holding a three-day summit. The reception was held at Cornwall’s Eden Project, an attraction that features the world’s largest indoor rainforest within giant domes.
Prime Ministers and Presidents from the world’s leading democracies will come together in Cornwall, England in June to address shared challenges, from beating coronavirus and tackling climate change, to ensure that people everywhere can benefit from open trade, technological change, and scientific discovery.