The second and final day of the G7 leaders summit began in Japan’s Ise-Shima, where they are expected to adopt a strategy to promote economic growth and an anti-terrorism action plan. The leaders of Germany, Canada, the US, France, Italy, Japan and Britain began meetings in which they will seek to solidify the results of Thursday’s discussions, EFE news reported.
The leaders agreed to implement fiscal stimulus measures and structural reforms according to the situation in each country, as a joint initiative to put an end to the current global economic uncertainty and to revive growth.
The declaration that the leaders are expected to make under the title ‘Ise-Shima economic initiative’ will include specific points such as the significance of investing in infrastructure, education and the digital sector and underline the importance of propelling free trade agreements, diplomatic sources stated.
The G7 leaders also plan to approve another declaration on security and foreign policy including a coordinated strategy aimed at combating the rise of terrorism and violent extremism in the Middle East as well as the need to aid refugees fleeing war in Syria.
By the later half of the day, they will discuss these topics and be joined by leaders of six emerging market countries in Asia and Chad, which holds the rotating presidency of the African Union, who were invited by Japan on the occasion of the first G7 summit held in Asia in eight years.
The heads of Chad, Indonesia, Sri Lanka, Bangladesh, Papua New Guinea, Vietnam and Laos will also hold talks with their G7 counterparts on climate change, energy, stability and peace in the Asia Pacific as well as health and development policies.
The meetings will be held at the exclusive hotel located on the Kashiko island where the leaders are staying and conclude mid afternoon when Japanese Prime Minister Shinzo Abe and US President Barack Obama will leave to make an historic visit to Hiroshima, one of two Japanese cities hit by a US atomic bomb in 1945.