【Special Features】G7 Summit

In May 2023, Japan hosted the Hiroshima G7 Summit. It was an unprecedented summit given the ongoing war waged against Ukraine by Russia. As such, this summit also presented a key opportunity for liberal democracies to unite and maintain sanctions against Russia while supporting Ukraine. In response to the current geopolitical landscape, the need to maintain and strengthen the rules-based international order has been identified by the Japanese government as an important common issue. However, discontent might grow within the G7 countries as the war drags on, making it difficult for sanctions and support to continue. How will the G7 countries face these challenges? What kind of leadership should Japan provide?

IOG submitted ‘Nine Check Items for the G7 Summit’ to Japanese government

The Institute for Geoeconomics (Director: Kazuto Suzuki) submitted “Nine Check Items for the G7 Summit Highlighted by the Institute of Geoeconomics” to the Economic Security Policy Division of the Ministry of Foreign Affairs on May 11th and the International Public Relations Office of the Cabinet Office on May 13th, in preparation for the G7 Hiroshima Summit 2023.

The submission included principles for economic security, such as ” Economic security measures shall be consistent with the “rules-based international order” (Item 1) and ” Establishing “trusted networks of supply chains” shall be the aim among the G7 members for improving supply chain resilience.” (Item 2).

As a Japanese think tank, the Institute for Geoeconomics will continue to collaborate with overseas think tanks and lead activities while making policy recommendations.

Nine Check Items for the G7 Summit