On June 8 and 9 the leaders of seven industrialized countries will meet in Quebec, Canada, for the 44th
The Group of Seven was launched in 1975 by the 7 countries with the highest GDP in the world to discuss macroeconomic initiatives. Since then, its mission has expanded to include climate change, nuclear nonproliferation, migration, health, women empowerment, and international security.
Forty years later, the Forum, which is composed of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, no longer represents the world's largest economies, as China and India have replaced Canada and Italy on the list of the top seven GDP in the world.
In 1999 the international community created the G20, which includes the 20 largest economies and is better positioned to address global issues. The G7 remains predominantly a Western club, with all of its members, except Japan, adhering to NATO.
While trade issues, such as U.S. tariffs on European and Canadian steel and aluminum, will be at the top of the G7 agenda, another issue is more important than trade for the United States this year: international security.
The Trump administration has recently announced the withdrawal from the Iran nuclear deal while Canada and several European countries expressed disappointment at Trump's decision.
Peace and stability in the Middle East is a key to global economic growth and the U.S. Administration will try to gather support to curb Iran’s expansionism in the Middle East, in particular to prevent Iran’s building and testing chemical weapons in Syria.
President Trump seeks a new and comprehensive deal that addresses all aspects of Iran's destabilizing behavior, including in Yemen, Lebanon, and Syria.
The G7 should back American efforts to degrade Syria’s ability to develop chemical or biological weapons and to deter any future use of weapons of mass destruction.
President Trump’s top priority is to renegotiate the Joint Comprehensive Plan of Action. A concerted effort by G7 members could put diplomatic and economic pressure on Iran until the Islamic Republic concedes to completely and irreversibly abandon its nuclear ambitions.
Through tough bargaining, President Trump has made substantial progress towards the nuclear disarmament of North Korea. The U.S. Administration will try to achieve a similar result with Iran, possibly by adding a supplemental agreement to increase controls on Iran’s missile program and future ability to return to nuclear fuel enrichment.
The G7 should also discuss a multilateral plan of action with North Korea, similar to the P5+1 (the five permanent members of the Security Council plus Germany) that generated the Joint Comprehensive Plan of Action with Iran. A multilateral conference should follow the meeting between President Trump and Kim Jong-un in Singapore to guarantee and verify the implementation of North Korean nuclear disarmament.
While Transatlantic trade will be at the center of the discussions, international security, and nuclear nonproliferation will be the top items on the U.S. agenda this year.
Francesco Stipo is the President of the Houston Energy Club, a member of the National Press Club in Washington D.C., a Fellow of the World Academy of Art and Science, and recently joined the Bretton Woods Committee. Born in Italy in 1973, Dr. Stipo is a naturalized United States citizen. He holds a Ph.D. in International Law and a Master Degree in Comparative Law from the University of Miami. To read more of his reports, Click Here Now.
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