♦ The G7 will secure more than 1 billion covid-19 vaccine doses, either by donating surplus supplies funds or by providing additional funding to Covax, a UN-backed scheme to distribute vaccines to low and middle-income countries.
♦ The G7 will increase climate finance contributions and meet an overdue spending pledge of $100 billion per year to assist poor countries in reducing carbon emissions.
♦ An infrastructure plan was announced to compete with China’s Belt and Road Initiative by supporting projects such as African railways and Asian wind farms.
♦ It supports a minimum tax of at least 15% on large multinational companies to prevent them from using tax havens to avoid taxes
♦ India has sought G7 support for India and South Africa’s WTO proposal for a TRIPS waiver on covid related Technologies.