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Home / World / The US, China and other allies are not expected to sign a joint communiqué

The US, China and other allies are not expected to sign a joint communiqué



A view showing the venue of the Hotel du Palais in front of the G7 summit in the French coastal town of Biarritz, France, 21 August 2019.

REUTERS | Regis Duvignau

The summit of the Group of Seven (G-7) will end for the first time in its 44-year history without a common communique, after French President Emmanuel Macron had decided to abandon the tradition by pointing to a "very deep crisis "of giving up democracy. "

It will be the first time since the beginning of the sessions in 1

975 that the Forum could not end a summit without an agreed declaration, as evidenced by the deepening divide between the heads of state of seven of the world's largest economies. [19659002] Macron told reporters at a press conference in Paris before the G7 meeting that an attempt to create a common communique would most likely be "pointless."

He referred to the decision of President Donald Trump to withdraw from a groundbreaking climate change agreement, which limits global efforts to reduce CO2 emissions, as an example of why it would be difficult to show a united front, Japan and the United States, taking place from Saturday to Monday in the coastal town of Biarritz in southwestern France.

Ensuring agreement on the annual summit has been in the last n years as increasingly difficult, also because the US President preferred bilateral trade agreements on multilateral agreements.

"It's impossible to predict what the US will do – Trump could bring us some surprises," said Agathe Demarais, global forecast director of the Economist Intelligence Unit (EIU), to CNBC over the phone.

"I'm not sure what he's going to do, maybe Trump does not know," Demarais said, citing the US as a notable exception in dealing with disputes.

France will want to avoid another G -6 + 1 summit …

Last year, at the G7 summit in Ottawa, Canada, Trump threw the typically staged proceedings into disarray.

The US President resigned prematurely from the meeting and refused to sign The collective final statement and personal insults on trade with Canadian Prime Minister Justin Trudeau.

The summit apparently showed frayed relations between the US and its traditional allies, with a picture seemingly grouping divisions in space.

The picture featured on Chancellor Angela Merkel's Instagram account showed how the world's leaders gathered on one side of a table around Merkel, while a seated Trump watched with his arms crossed.

Chancellor Angela Merkel consults with US President Donald Trump during the G7 summit in Canada on June 9, 2018.

Jesco Denzel | Federal Government | Getty Images

From the French point of view, the hosts will "try to cope with this G-7, so there will not be another embarrassing mess in which everyone quarrels," said Constantine Fraser, European political analyst at the TS Lombard Research Group, by phone to CNBC.

"I think it is quite possible," Fraser said, "that at the end of this year's Summit, there will be no common communiqué until the Declaration has become an" increasingly desperate fig leaf. "

7 It is no longer the richest countries in the world to show a united front … And the absence of a communiqué in common acknowledges where we are, "said Fraser.

French media cited last year's meeting in Ottawa citing Washington's refusal to sign the final declaration.

Technology Tax

Besides environment and trade, analysts expect a Brexit, inequality, the possible reinstatement of Russia and a universal taxation of digital giants to dominate the process. [19659002] Late last month, Trump warned that he "could" beat "tariffs on French wine in response to the country's new tax implications for technology companies.

"This is a very, very controversial topic, France wants to introduce this digital tax, but the problem is that most digital giants are Americans," said Demarais of the EIU.

French President Emmanuel Macron stood before a meeting in the presidential palace of Elysee in Paris before Paris on July 22, 2019.

LUDOVIC MARIN | AFP | Getty Images

France issued a 3% fee at the beginning of July that would affect companies such as Facebook and Google. It is expected that digital services in France will generate revenues of at least $ 28 million.

The Trump Administration has since commenced an investigation under Section 301 of the 1974 Trade Act.

"France has decided to continue with this tax because it knows it will provoke the US Trump will get angry and there will probably be a big argument," said Fraser of TS Lomabrd.


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