This conference, called the “global convergence summit for growth”, will also be attended by several other emerging countries.
Emmanuel Macron will organize Thursday, four days before the G7 summit, a videoconference between the members of this forum of industrialized powers, China and several other emerging countries, in order to strengthen the “coopération” between the major world economies, the Élysée announced on Tuesday. This conference, called “global convergence summit for growth”, “signals a new willingness of China, the United States and Europe to engage in a coordinated economic approach”declared the French presidency in a press release. It will bring together representatives of the G7 (Germany, Canada, United States, France, Italy, Japan, United Kingdom) but also of China and the International Monetary Fund (IMF).
The countries already invited to the G7 summit, scheduled for June 15 to 17 in Évian, in Haute-Savoie, will also participate in Thursday’s videoconference (Brazil, South Korea, India, Kenya and Egypt). “This summit aims to initiate cooperation between systemic and emerging economies to ease tensions and create the conditions for balanced, sustainable and shared growth”explained the Élysée, recalling that “resolving global macroeconomic imbalances is a priority” of the French President, Emmanuel Macron, for the G7. France wants in particular “restore a strong industry in Europe” et “Balancing trade with China as well as the United States”.
Skip the ad
«Double problème»
The fight against imbalances is “in the interest also of the most fragile countries”estimates the French presidency, which sees in this meeting “a contribution to the G20” scheduled for December in the United States. China is a member of the G20 but not the G7, unlike the United States and the largest European economies which belong to both clubs. In December, the French head of state proposed an approach «coopérative» for this project, while leaving the threat of “Customs duties” européens “on Chinese products” if Beijing does not play the game. In January, he estimated that Europe had, on trade, “a double problem, Chinese aggressiveness and American tariffs”et “It’s a big problem to have both at the same time”.
On Wednesday, as another preamble to the Evian summit, Emmanuel Macron will receive at the Élysée “representatives of civil society, social partners, the economic world, foundations, think tanks and youth”. Their exchanges “will focus on development issues and international partnerships, securing value chains for critical supplies, digital technology and artificial intelligence, as well as the protection of the rule of law, fundamental freedoms, civic space and the place of youth in our democracies”according to another press release. Emmanuel Macron must then meet the Canadian Prime Minister, Mark Carney, Friday evening in Paris, then the head of the Indian government, Narendra Modi, Sunday in Nice for an event around tech. He will welcome his G7 counterparts on Monday evening to Evian, a spa town in the French Alps on the shores of Lake Geneva, for a three-day summit.
