Although it seems as though one of the primary topics to be discussed during the gathering of industrialized countries – Africa’s developing economy – the markets will be more invested in references to the Paris Agreement (or Accord) which has the potential to lower the use of fossil fuels and more specifically coal by the 195 nations that signed it.
Even though the Summit will largely revolve around the matters of global economy and trade, some news outlets are speculating about the possibility that President Trump might bring up NATO spending – and maybe even asking other nation-members to increase their share of financial contributions to the Alliance (as he did during a recent visit to Brussel). A move such as that could greatly affect the role of American diplomacy in the global political sphere and inevitably hurt the dollar – an affect recently seen after it was reveal Trump had leaked confidential information during a diplomatic meeting with a Russian official.
The participating nations and Unions of the G7 summit will also be discussing the immigration crisis focusing on developing the African economy as an alternative destination for people fleeing war and oppressive regimes. With a rapid influx of man-power could this see Africa as an emerging global economy?
Beyond this terrorism and ways to combat it will inevitably find it way to the table, along with N. Korea’s aggressions towards neighboring countries including a long-time ally to the west (and point of conflict during the last Korean War) South Korea and its potential to create a nuclear arsenal.
Leaders Participating in G7 2017:
- Justin Trudeau – Canada
- Jean-Claude Juncker and Donald Tusk - EU
- Emmanuel Macron - France
- Angela Merkel – Germany
- Paolo Gentiloni – Italy
- Shinzo Abe – Japan
- Donald Trump – US
Beyond this leaders due to the focus this year’s summit will have on Africa – leaders from Kenya, Tunisia, Nigeria, Niger and Ethiopia have been invited to participate in Saturday’s meeting.