The Business Times
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G7 summit opens door to Asia-Pacific and businesses

Staying relevant in a changing world means incorporating more voices

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    • The bigger factor driving positive atmospherics at the summit was the announcement of the US-Iran MOU, and US President Donald Trump’s (centre) signing of the document. 
    • The bigger factor driving positive atmospherics at the summit was the announcement of the US-Iran MOU, and US President Donald Trump’s (centre) signing of the document.  PHOTO: NYTIMES

    Andrew Hammond

    Published Thu, Jun 18, 2026 · 06:00 PM

    THE G7 was formed in 1975 as a primarily political forum comprising the West. However, the G7 leadership summit, held in Evian, France, from Jun 15 to 17, showed how much voices of the business community and from the Asia-Pacific are increasingly growing in volume in the club’s discussions.

    The G7 now has a counterpart, known as the Business 7 (B7), which represents the commercial community through policy proposals and recommendations.

    One example is the 28-page communique – which emphasised economic security and collaboration – issued in early June to G7 political leaders.

    G7Asia-PacificBusinessArtificial Intelligence

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