This action might not be possible to undo. Are you sure you want to continue?
In 1975, the leaders of West Germany, the United States, Japan, the United Kingdom, and Italy met in Rambouillet, France, at the invitation of French President Giscard d'Estaing to discuss international economic issues of common concern. The leaders decided to make the event an annual one; Canada joined in 1976, forming the G7; and Russia joined in 1997 to form the G8. The Summit provides the opportunity for an informal discussion amongst leaders of advance economies on key issues in an international forum in broad daylight. It results in the adoption of a political statement, possibly accompanied by additional statements, sectorial action plans, and other documents. Originally, the G8 focused exclusively on economic and trade issues but has expanded over time to include many aspects of common concern among the members. At previous Summits, G8 leaders have discussed global security, energy, the environment and climate change and development. It is not an international institution and as such has no permanent secretariat.
3. Food security and nutrition 4. Afghanistan’s economic transition 5. Transitions taking place across the Middle East and North Africa 6. Political & security issues
Overview of the summit
38th G-8 summit was held from May 18 2012 – May 19 2012 at Camp David, Maryland, United States. Leaders of Britain, Canada, France, Germany, Italy, Japan, Russia, and the EU joined President Obama for the 38thannual G8 Summit. The event occurred just before the year's NATO summit. The leaders met to address major global economic, political, and security challenges, throughout the world. The main agenda of the meeting were: 1. Global economy 2. Energy and climate change
Imperative of the G8 countries was to promote growth & jobs & the global economic recovery shows signs of promise but significant obstacles persist. They intended to further reflect upon the ongoing discussion in Europe on how to generate growth, while maintaining a firm commitment to implement fiscal consolidation to be assessed on a structural basis. They agreed on the importance of a strong and cohesive Eurozone for global stability and recovery, and affirmed their interest in Greece remaining in the Eurozone while respecting its commitments.
In order to raise productivity and growth potential in G8 country’s economies, aim to support structural reforms, and investments in education and in modern infrastructure, as appropriate. They also committed to promote investments to underpin demand, including support for small businesses and public-private partnerships. Understanding the importance of open markets and a fair, strong, rules-based trading system, a commitment was made to refrain from protectionist measures, protect investments and pursue bilateral, plurilateral, and multilateral efforts, consistent with and supportive of the WTO framework, to reduce barriers to trade and investment and maintain open markets. Recognizing that unnecessary differences and overly burdensome regulatory standards serve as significant barriers to trade support for efforts
CHANAKYA CIVIL SERVICES TODAY, JULY 2012
and to continue voluntary reporting on progress was noted. fulfillment of outstanding L’Aquila submit’s financial pledges was undertaken to maintain strong support & to address current and future global food security challenges and nutrition in Africa and globally. Determination to not only reduces poverty but to foster the change that can end it. spur and scale innovation. recognition of the importance of meeting energy needs from a wide variety of sources ranging from traditional fuels to renewables to other clean technologies. and affordable sources of energy is essential to global economic growth and to their overall efforts to address climate change. Energy and climate change As the economies grow. sustainable. To develop new tools to mobilize private capital. strong support for the efforts to rationalize and phase-out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption. entrepreneurs to domestic and international companies. including through the Major Economies Forum.towards regulatory coherence and better alignment of standards to further promote trade and growth was decided. Recognizing the importance of energy efficiency and reliance on renewables and other clean energy technologies in subsiding the climate change they welcomed sustained. At the Camp David Summit. protocol. comprehensive. toward a positive outcome at Doha as well as on Climate and Clean Air Coalition to Reduce Short-lived Climate Pollutants. It was considered as a significant breakthrough toward the adoption by 2015 of a 10 Food security For over a decade. In order to facilitate the trade of energy around the world. by investing in Africa’s growth. the G-8 has engaged with African partners to address the challenges and opportunities afforded by Africa’s quest for inclusive and sustainable development. The G-8 reaffirmed its commitment to the world’s poorest and most vulnerable people. or an agreed outcome with legal force applicable to all Parties. attain greater gains in nutrition. and to engage and leverage the capacity of private sector partners – from women and smallholder farmers. safer. JULY 2012 . In light of the nuclear accident triggered by the tsunami in Japan. Aim of New Alliance is to lift 50 million people out of poverty over the next decade. consistent with science. its expanding role in the global economy. Outcome of the 17th Conference of the Parties to the U.N. they also committed to exchange information on rogue internet pharmacy sites in accordance with national law and share best practices on combating counterfeit medical products. and country-owned plans. and more affordable energy. To protect public health and consumer safety. In addition. Given the importance of intellectual property rights (IPR) to stimulating job and economic growth. we commit to take further steps to remove obstacles to the evolution of global energy infrastructure. secure. developed and developing countries alike. G-8 Leaders recognized that the development of and universal access to environmentally safe. cost-effective policies to support reliable renewable energy sources and their market integration. As part of past efforts. A consensus was obtained to work together in the UNFCCC and other fora. A New Alliance for Food Security and Nutrition: To accelerate the flow of private capital to African agriculture. on a complementary basis. another legal instrument. and to pursue universal access to cleaner. take to scale new technologies and other innovations that can increase sustainable agricultural productivity. and be guided by a collective commitment to invest incredible. An increase in public investments in agriculture and adoption of the governance and policy reforms necessary to accelerate sustainable agricultural productivity growth. and recognized the CHANAKYA CIVIL SERVICES TODAY. and unlock sustainable and inclusive country-led growth by the African partner was appreciated. and manage risk. with a view to limit effectively the increase in global temperature below 2ºC above preindustrial levels. affirmation to the significance of high standards for IPR protection and enforcement was made. Framework Convention on Climate Change (UNFCCC) in Durban to implement the Cancun agreements and the launch of the Durban Platform was supported. to reduce barriers and refrain from discriminatory measures that impede market access. and its success was seen. and reduce the risk borne by vulnerable economies and communities was launched. Need for increased mitigation ambition in the period to 2020 was also addressed. they intend to strongly support initiatives to carry out comprehensive risk and safety assessments of existing nuclear installations and to strengthen the implementation of relevant conventions to aim for high levels of nuclear safety.
qq 11 Afghanistan’s economic transition Reaffirmation to achieve a sovereign. inclusive political transition leading to a democratic. UN member states were asked to join the G-8 in fully implementing the UNSC resolutions in this regard. Central role was allocated to the United Nations and the Global Counter Terrorism Forum (GCTF) and efforts of the Roma-Lyon Group in countering terrorism was welcomed. Iran was requested to comply with all of its obligations under relevant UNSC resolutions and requirements of the International Atomic Energy Agency’s (IAEA) Board of Governors and obligations under the Nuclear Non-Proliferation Treaty. its affiliates and adherents. and to eliminate support for terrorist organizations and criminal networks. France. Deep concerns were raised about provocative actions of the Democratic People’s Republic of Korea (DPRK) that threaten regional stability and the DPRK's nuclear program. JULY 2012 . President TheinSein. and stable Afghanistan. in particular to eliminate the Man-Portable Air Defense Systems proliferated across the region. building on the Kabul Process and Bonn Conference outcomes was also noted. Transitions in the middle east and north Africa A year after the historic events across the Middle East and North Africa began to unfold. Recognition to the Libyan people in their transition to create a peaceful. and the European Union High Representative) was also welcomed. and transnational organized crime. including kidnapping for ransom. to counter financing of terrorism. job opportunities. governance. and stable Libya was also done. The resumption of talks between Iran and the E3+3 (China. democratic. democracy. including individuals and groups engaged in illicit drug trafficking and production. partnership countries’ statement on openness to international investment was welcomed. and many other citizens of Burma/Myanmar to deliver democratic reform in their country over the past years were appreciated. and irreversible manner. In this context. Germany. as it is to generate further long-term support for civilian assistance to Afghanistan from G-8 members and other donors. G8 countries look forward to the Tokyo Conference. A pledge to enhance cooperation to combat threats of terrorism and terrorist groups was undertaken. Growth of the afghan civil society & mobilization of the private & expanding business opportunities in key sectors. the aspirations of people of the region for freedom. the United Kingdom. A close & strong support will be provided to Afghanistan in the same. The April 13. with full ownership of its own security. At the Camp David Summit. including its safeguard obligations. Russia. humanitarian crisis. The G-8 and regional partners strategized to increase access to capital markets and to help boost private investment as well as commitments from G8 countries and others to support small and mediumsized enterprises. The Syrian government and all parties were immediately asked to adhere to commitments to implement the sixpoint plan of UN and Arab League Joint Special Envoy (JSE) Kofi Annan. job creation. as well as promote regional economic cooperation to enhance connectivity will be undertaken. A meeting in September of Foreign Ministers to review progress being made under the Partnership was called for as always. extremist violence. and illicit drug production and trafficking was made. 2012 launch was condemned that used ballistic missile technology in direct violation of UNSC resolution and DPRK was requested to comply with its international obligations and abandon all nuclear and ballistic missile programs in a complete. and serious and widespread human rights abuses in Syria was appalled. G-8 Leaders recognized the important progress that has been achieved in a number of countries undergoing transition and committed to maintaining their support for these transitions in four key priority areas: stabilization. peaceful. rule of law and job creation needed for the success of democratic transition. The mandate of the European Bank for Reconstruction and Development to bring its expertise in transition economies and financing support for private sector growth to this region was expanded. including its uranium enrichment program. Political and security issues A loss of life. Transnational organized crime and terrorism in all forms and manifestations was condemned.vital role of official development assistance in poverty alleviation and achieving the Millennium Development Goals. human rights. the United States. DawAung San SuuKyi. participation/ governance. To remove the economic impact of the transition period an emphasis on mutual accountability and improved governance. including al-Qa’ida. and integration. CHANAKYA CIVIL SERVICES TODAY. provide needed training and technical assistance and facilitate international exchanges and training programs for key constituencies in transition countries. including immediate ceasing of all violence so as to enable a Syrian-led. plural political system. The governance reforms will foster the inclusive economic growth. Stress was laid on the importance to strengthen efforts to curb illicit trafficking in arms in the Sahel area. and development and free of terrorism. Commitment to the Deauville Partnership with Arab Countries in Transition was renewed. G8 countries remained united in their concern over Iran’s nuclear program. verifiable. empowerment and dignity are undiminished.