New York, N.Y., June 16, 2021—Following the G7 Leaders’ Summit in Cornwall, UK, the United States Council for International Business (USCIB) welcomes the G7’s resolute commitment in this time of crisis to a cooperative and inclusive global recovery built on democratic values, private sector partnership, open trade, investment and sustainability.
We are proud to embrace the G7’s enduring ideals of free open societies and democracies, and its support for inclusive multilateralism in action.
We agree that tackling root causes of human rights abuses and combatting failures of integrity and transparency are essential to any effort to build back better and importantly, to also provide the fullest possible access to healthcare and vaccines worldwide.
We are committed to eliminating forced labor and other human rights abuses from global supply chains, and to advance the uptake of the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights. We applaud renewed attention on eradicating corruption as it erodes public trust in government, wastes resources and presents an obstacle to needed economic and social development and our shared vision of achieving the Paris Agreement and UN 2030 Goals.
We are inspired by USCIB members mobilizing to help meet the ongoing pandemic challenge. Vaccinating the world against COVID-19 is essential to economic recovery; this urgent task will require production, as well as widespread distribution and administration of vaccines. The private sector serves as an important partner in this endeavor and can assist with vaccine-deployment strategies based on efficiency and equity. A sustainable, durable solution will address a host of issues, including: re-distribution of excess vaccine supplies to countries that face shortages; removing regulatory and trade barriers to vaccine production and distribution; efficient supply chain operations; procurement challenges; the potential risks associated with counterfeit and illicit trade in medical goods; and addressing hesitancy and misinformation about vaccines. While more needs to be done, the U.S. and G7 support for COVAX and Act-A are big steps in the right direction. Through Business Partners to CONVINCE (BP2C), USCIB is advancing actionable workplace strategies for vaccine adoption while highlighting the vital role employers play in educating their employees on the facts about COVID-19 vaccines.
We believe that private sector innovation and its wide deployment, whether in healthcare solutions, digital access or climate change, will be fundamental to attain the ambitious targets and actions set out in the communique. The G7 has emphasized the need for urgent reform and revitalization at the World Trade Organization (WTO) and incentivizing innovation as key priorities in all of these areas. We couldn’t agree more.
We appreciate the G7’s ongoing dialogue and cooperation with business, and thank the Confederation of British Industry (CBI) for coordinating this year’s B7 process.