- Liz Truss will host G7 Foreign Ministers in Liverpool this weekend, in the UK’s final in-person meeting in its year as G7 president
- Last week the Foreign Secretary called on the G7 to advance “the frontiers of freedom” in a speech at Chatham House
- Truss will urge the G7 to agree on the importance of common principles to improve investment in the developing world, boost security and improve tech standards
Liz Truss will bring the world’s most influential democracies together in a show of unity against global aggressors this weekend as she hosts the G7 in Liverpool from today (Saturday, 11 December).
The Foreign Secretary will urge G7 Foreign and Development Ministers to present a united front against malign behaviour – including Russian posturing towards Ukraine – and to pledge security and economic support to defend ‘the frontiers of freedom’ around the world.
This call follows pledges by NATO allies to stand up to Russian aggression on the Ukrainian border, warning any incursion by Russia will be a serious strategic error and yield severe consequences.
The meetings today will also include discussion around ongoing crises in Myanmar and Ethiopia, and the Iran nuclear talks, with G7 leaders expected to agree that Iran should stop its nuclear escalation and seize this opportunity to return to the JCPoA.
At the G7 Leaders’ Summit in Carbis Bay, members agreed that to help developing countries close the infrastructure gap, investment must be values-driven, collaborative, and market-led, with a focus on maintaining strong standards, enhancing multilateral finance and fostering strategic partnerships. This weekend’s meeting is an opportunity to build on that commitment.
Liz Truss will push for a common set of standards based on freedom and democracy.
She will talk about the importance of democracies providing more clean and reliable finance for infrastructure and technology projects around the world, offering an alternative to unsustainable debt from non-market economies.
Last month the Foreign Secretary launched British International Investment to boost financing into developing countries across Africa, Asia and the Caribbean, and wants other countries to follow suit.
UK Foreign Secretary Liz Truss said:
This weekend the world’s most influential democracies will take a stand against aggressors who seek to undermine liberty and send a clear message that we are a united front.
I want G7 countries to deepen ties in areas like trade, investment, technology and security so we can defend and advance freedom and democracy across the world. I will be pushing that point over the next few days.
In her first major speech as Foreign Secretary at Chatham House in London this week, the Foreign Secretary said “we need to be on the front foot with our friends across the free world, because the battle for economic influence is already in full flow”.
She wants the UK and its partners to offer developing countries more reliable alternatives, when it comes to finance and infrastructure, so they are not dependent on just one country.
She noted that 44 low and middle-income countries have debts to Beijing in excess of 10% of their GDP.
Over the course of the weekend, the Foreign Secretary will hold bilateral meetings with her counterparts from the G7 countries and the EU, as well as guest countries joining the event.
On Sunday, the Foreign Secretary will host plenary sessions on global health security as well as the Indo-Pacific region, with Foreign Ministers from the Association of Southeast Asian Nations joining the G7 Meeting for the first time ever.
The Foreign Secretary will also launch the Africa Resilience Investment Accelerator this weekend. The UK-led initiative brings together G7 development finance institutions to support greater collaboration when investing in Africa’s most fragile markets. It will work to tackle barriers to develop a pipeline of investable opportunities and share best practice and lessons learned from investing in such markets. It will help the G7 to meet its commitment to invest over $80 billion into the private sector in Africa over the next five years to support sustainable economic recovery and growth.
The UK is working to ensure the event in the Museum of Liverpool is Covid secure with all overseas delegates having to take a PCR test before attending. There will also be daily on-site testing.
This is the second in-person gathering of G7 Foreign Ministers this year, following May’s Meeting in London, as part of the UK’s year-long G7 Presidency.
Notes to editors
- The G7 Foreign and Development Ministers’ Meeting will take place at The Museum of Liverpool on December 11 and 12.
- Tomorrow, countries from the Association of Southeast Asian Nations will also participate in the G7 Foreign Ministers’ Meeting for the first time, a sign of the growing importance of the region.
- Guest countries – Republic of Korea, Australia, South Africa and India – all participated in the G7 Foreign Ministers’ meeting earlier this year, with the Republic of Korea and Australia attending in person in Liverpool. A number of guest countries will be participating virtually.
- Liverpool has a rich maritime history and has played a pivotal role in international trade. It has fostered global links through its diverse communities and has had an immense musical and sporting impact worldwide.
- Last month the Foreign Secretary relaunched the UK’s development finance institution as British International Investment (BII). This will invest billions in infrastructure and technology in low- and middle-income countries across Asia, Africa and the Caribbean and will be a key part of the government’s wider plans to mobilise up to £8 billion a year of public and private sector investment in international projects by 2025.
- December 12, 2021 at 6:15 am by Editor (displayed above)
- December 12, 2021 at 6:15 am by Editor