G7 summit opens door to Asia-Pacific and businesses
Staying relevant in a changing world means incorporating more voices
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.