Carbis Bay Declaration - G7 Summit Why in news Sample Clauses

Carbis Bay Declaration - G7 Summit Why in news. The G-7 summit recently took place in the U.K., and the leaders jointly signed theCarbis Bay Declaration. What are the highlights?  Vaccine - The G7 pledged over the next 12 months to secure a further one billion COVID-19 vaccine doses.  This will be either through donating surplus supplies or providing further finance to Covax.  [Covax is the UN-backed scheme charged with distributing vaccines to low- and middle-income countries.]  The G7 also committed to invest $12 trillion in the combined pandemic recovery plan.  It also pledged to reinforce global surveillance for potentially dangerous diseases.  Economy - The joint statement set out plans to reduce roadblocks to production in Africa.  On the controversial issue of enforced temporary waivers of patents, it said the leaders will support manufacturing in low income countries.  They would engage constructively on the issue of intellectual property waivers in discussions at the WTO.  The G7 also agreed to increase the special drawing rights (SDRs) in IMF of low-income countries by $100bn. What was the U.S.'s role?  United States‘s new President Biden vowed that ―America is back‖ to take the lead on global challenges.  The G-7 commitments on vaccines and pandemic recovery depends on U.S. commitments for a large part.  There was an invitation by the G7 to ―fellow democracies‖ India, Australia, South Korea and South Africa.  There was also special communiqué on ―Open Societies‖ for the G-7 outreach.  These are an extension of Biden's stated commitment to convening a Democracy Summit soon. What is G7's stance on China?  Consensus amongst the seven-member countries on countering China was an important message from the meet.  The final G-7 communiqué holds no less than four direct references to China, each negative.  It includes criticising Beijing for its -