G7 Italy: all eyes on Taormina

The 43rd G7 summit will be held on May 26-27 in Taormina, Sicily. It brings together the Heads of State and Government of the world’s seven most industrialised economies: United States, Japan, Germany, United Kingdom, Italy, France and Canada. President of the European Council Donald Tusk and President of the European Commission Jean-Claude Juncker will be representing the European Union.

Taormina was chosen by former Prime Minister Renzi because there was a need to keep the media attention on the immigration issue. At the time, many migrants were being rescued in the Mediterranean and then transported to Sicily.
Four participants will attend the summit for the first time: U.S. President Donald Trump, UK Prime Minister Theresa May, French President Emmanuel Macron and Italy’s Prime Minister Paolo Gentiloni.
The aim of this year’s summit is about “building the foundations of renewed trust”. This demonstrates the intention of some of the wealthiest countries to adopt policies that are responding to the expectations of society. The need to address the issue of renewed trust is becoming more and more urgent, given that citizens are quite skeptical of the governments’ competence to handle matters ranging from security to economic well-being. The summit will therefore focus on the following priorities.

Security
The summit will focus on Sub-Saharan Africa, the Middle East and North Africa, and on preventing extremism and fighting against international terrorism. It will be the first global occasion for Trump to deal directly with the situation in Syria.

Migration
Currently, Europe is divided about migration quotas and how to distribute migrants among member countries. The issue will be addressed by linking the humanitarian, economic, social and security dimensions to the problem.

Global economy
Following Brexit, the focus will be around negotiations with both Britain and the EU for new trade deals. It will be clearer how Trump will lead the future of the global economic system, where the choice stands between protectionism or openness.

What’s the role of Italy?
Besides hosting and organising the technical and informal meetings during the summit, Italy’s responsibility will be preparing the “Final Communiqué”, a document adopted by all the participants, summarising the global issues which have been discussed.

This is not a binding document but it is of primary importance because G7 leaders will make commitments regarding political and economic guidelines they intend to pursue together.

In this regard, the summit will be an occasion for the promotion of Italy’s vision, based on dialogue with a strong commitment to Europe and transatlantic relations. The summit could also be a good opportunity to present a new Italy in terms of political, economic and social policy transformations that could unleash an era of innovation. The summit will be a great opportunity to show a different side of Italy to the world.

Words  Andrea Bailo, Martina Lusi & Donatella Ierardi
Photo  Shutterstock

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