09 June 2018

The Charlevoix G7 Summit communique

The Leaders of the G7 came together in Charlevoix, Quebec, Canada, collectively affirmed their determination to achieve a clean environment, clean air and clean water. They said to be resolved to work together in creating a healthy, prosperous, sustainable and fair future for all.

Investing in Growth that Works for Everyone

2. We share the responsibility of working together to stimulate sustainable economic growth that benefits everyone and, in particular, those most at risk of being left behind. We welcome the contribution of technological change and global integration to global economic recovery and increased job creation. The global economic outlook continues to improve, but too few citizens have benefited from that economic growth. While resilience against risk has improved among emerging market economies, recent market movements remind us of potential vulnerabilities. We will continue monitoring market developments and using all policy tools to support strong, sustainable, balanced and inclusive growth that generates widespread prosperity. We reaffirm our existing exchange rate commitments. We commit to promoting smart, sustainable and high-quality investments, such as in infrastructure, to boost growth and productivity and create quality jobs. Economic growth is fundamental to raising living standards. We also recognize that economic output alone is insufficient for measuring success and acknowledge the importance of monitoring other societal and economic indicators that measure prosperity and well-being. We are committed to removing the barriers that keep our citizens, including women and marginalized individuals, from participating fully in the global economy. We endorse the Charlevoix Commitment on Equality and Economic Growth, which reinforces our commitment to eradicate poverty, advance gender equality, foster income equality, ensure better access to financial resources and create decent work and quality of life for all.
3. In order to ensure that everyone pays their fair share, we will exchange approaches and support international efforts to deliver fair, progressive, effective and efficient tax systems. We will continue to fight tax evasion and avoidance by promoting the global implementation of international standards and addressing base erosion and profit shifting. The impacts of the digitalization of the economy on the international tax system remain key outstanding issues. We welcome the OECD interim report analyzing the impact of digitalization of the economy on the international tax system. We are committed to work together to seek a consensus-based solution by 2020.
4. We acknowledge that free, fair and mutually beneficial trade and investment, while creating reciprocal benefits, are key engines for growth and job creation. We recommit to the conclusions on trade of the Hamburg G20 Summit, in particular, we underline the crucial role of a rules-based international trading system and continue to fight protectionism. We note the importance of bilateral, regional and plurilateral agreements being open, transparent, inclusive and WTO-consistent, and commit to working to ensure they complement the multilateral trade agreements. We commit to modernize the WTO to make it more fair as soon as possible. We strive to reduce tariff barriers, non-tariff barriers and subsidies.
5. We will work together to enforce existing international rules and develop new rules where needed to foster a truly level playing field, addressing in particular non-market oriented policies and practices, and inadequate protection of intellectual property rights, such as forced technology transfer or cyber-enabled theft. We call for the start of negotiations – this year – to develop stronger international rules on market-distorting industrial subsidies and trade-distorting actions by state-owned enterprises. We also call on all members of the Global Forum on Steel Excess Capacity to fully and promptly implement its recommendations. We stress the urgent need to avoid excess capacity in other sectors such as aluminum and high technology. We call on the International Working Group on Export Credits to develop a new set of guidelines for government-supported export credits, as soon as possible in 2019.
6. To support growth and equal participation that benefits everyone, and ensure our citizens lead healthy and productive lives, we commit to supporting strong, sustainable health systems that promote access to quality and affordable healthcare and to bringing greater attention to mental health. We support efforts to promote and protect women’s and adolescents’ health and well-being through evidence-based healthcare and health information. We recognize the World Health Organization’s vital role in health emergencies, including through the Contingency Fund for Emergencies and the World Bank’s Pandemic Emergency Financing Facility, and emphasize their need for further development and continued and sustainable financing. We recommit to support our 76 partners to strengthen their implementation of the International Health Regulations, including through their development of costed national action plans and the use of diverse sources of financing and multi-stakeholder resources. We will prioritize and coordinate our global efforts to fight against antimicrobial resistance, in a “one health” approach. We will accelerate our efforts to end tuberculosis, and its resistant forms. We reconfirm our resolve to work with partners to eradicate polio and effectively manage the post-polio transition. We affirm our support for a successful replenishment of the Global Fund in 2019.
7. Public finance, including official development assistance and domestic resource mobilization, is necessary to work towards the achievement of the Sustainable Development Goals of the 2030 Agenda, but alone is insufficient to support the economic growth and sustainable development necessary to lift all populations from poverty. As a result, we have committed to the Charlevoix Commitment on Innovative Financing for Development to promote economic growth in developing economies and foster greater equality of opportunity within and between countries. We will continue to invest in quality infrastructure with open access. Given rising debt levels in low income countries and the importance of debt sustainability, we call for greater debt transparency not only from low income debtor countries, but also emerging sovereign lenders and private creditors. We support the ongoing work of the Paris Club, as the principal international forum for restructuring official bilateral debt, towards the broader inclusion of emerging creditors. We recognize the value in development and humanitarian assistance that promotes greater equality of opportunity, and gender equality, and prioritizes the most vulnerable, and will continue to work to develop innovative financing models to ensure that no one is left behind.

Preparing for Jobs of the Future

8. We are resolved to ensure that all workers have access to the skills and education necessary to adapt and prosper in the new world of work brought by innovation through emerging technologies. We will promote innovation through a culture of lifelong learning among current and future generations of workers. We will expand market-driven training and education, particularly for girls and women in the science, technology, engineering and mathematics (STEM) fields. We recognize the need to remove barriers to women’s leadership and equal opportunity to participate in all aspects of the labour market, including by eliminating violence, discrimination and harassment within and beyond the workplace. We will explore innovative new approaches to apprenticeship and vocational learning, as well as opportunities to engage employers and improve access to workplace training.
9. We highlight the importance of working towards making social protection more effective and efficient and creating quality work environments for workers, including those in non-standard forms of work. Expanding communication and collaboration between governments and businesses, social partners, educational institutions and other relevant stakeholders will be essential for preparing workers to adapt and thrive in the new world of work. To realize the benefits of artificial intelligence (AI), we endorse the Charlevoix Common Vision for the Future of Artificial Intelligence. We recognize that a human-centric approach to AI has the potential to introduce new sources of economic growth, bring significant benefits to our societies and help address some of our most pressing challenges. [...]

Full communiqué

Remarks by President Donald Tusk before the G7 summit in Charlevoix, Canada

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