G7 Leaders Pledge One Billion Vaccine Doses and Fairer Global Taxes
The G7 nations commit to sharing one billion COVID-19 vaccine doses over the next year while outlining a massive economic recovery plan. The coalition also champions a reformed global tax system to end corporate tax avoidance.
World leaders at the G7 summit in Cornwall pledge to deliver one billion COVID-19 vaccine doses over the coming year to help end the global pandemic. This commitment brings the total G7 vaccine contributions to over two billion doses since the crisis begins. Alongside sharing vaccines, the nations agree to boost global manufacturing capacity and shorten the vaccine development cycle from 300 to 100 days.
The coalition outlines plans to reinvigorate the global economy by building on the $12 trillion of pandemic support already deployed. Leaders shift their focus from immediate crisis response to future growth by investing in infrastructure, driving innovation, and creating jobs. They emphasize a strong commitment to ensure no person or region is left behind as the recovery takes hold.
To secure future prosperity, the G7 champions freer and fairer trade within a reformed global trading system. A major component of this agenda involves establishing a fairer global tax system that reverses the race to the bottom on corporate taxation. The nations promise to collaborate closely on these economic frontiers to build a more resilient worldwide economy.